iShares iBoxx $ High Yield Corporate Bond ETF Sees Unusually Large Options Volume (NYSEARCA:HYG)

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) saw some unusual options trading on Wednesday. Investors purchased 471,786 put options on the company. This is an increase of 63% compared to the typical daily volume of 288,654 put options.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

Shares of HYG opened at $78.17 on Thursday. The firm has a market cap of $14.91 billion, a PE ratio of 9.60 and a beta of 0.36. iShares iBoxx $ High Yield Corporate Bond ETF has a 52-week low of $75.59 and a 52-week high of $80.37. The business’s 50 day moving average price is $79.50 and its two-hundred day moving average price is $78.79.

Hedge Funds Weigh In On iShares iBoxx $ High Yield Corporate Bond ETF

Institutional investors have recently made changes to their positions in the stock. Loomis Sayles & Co. L P lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 2,933.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 3,903,830 shares of the exchange traded fund’s stock worth $313,478,000 after purchasing an additional 3,775,150 shares in the last quarter. BNP Paribas lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 2,083.1% in the 3rd quarter. BNP Paribas now owns 2,820,701 shares of the exchange traded fund’s stock valued at $226,502,000 after acquiring an additional 2,691,493 shares in the last quarter. Toronto Dominion Bank lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 528.9% in the 2nd quarter. Toronto Dominion Bank now owns 682,340 shares of the exchange traded fund’s stock valued at $52,636,000 after acquiring an additional 573,840 shares in the last quarter. Money Design Co. Ltd. acquired a new position in iShares iBoxx $ High Yield Corporate Bond ETF during the 3rd quarter valued at about $20,068,000. Finally, Prime Capital Investment Advisors LLC grew its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 384.3% during the second quarter. Prime Capital Investment Advisors LLC now owns 187,052 shares of the exchange traded fund’s stock worth $14,429,000 after buying an additional 148,428 shares in the last quarter.

About iShares iBoxx $ High Yield Corporate Bond ETF

iShares iBoxx $ High Yield Corporate Bond ETF (the Fund), formerly iShares iBoxx $ High Yield Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the Index), which is a rules-based index consisting of liquid the United States dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider.