Traders Buy High Volume of iShares iBoxx $ High Yield Corporate Bond ETF Put Options (NYSEARCA:HYG)

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the target of unusually large options trading activity on Friday. Stock traders acquired 557,372 put options on the company. This is an increase of 88% compared to the typical daily volume of 296,111 put options.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Loomis Sayles & Co. L P lifted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 2,933.8% in the third quarter. Loomis Sayles & Co. L P now owns 3,903,830 shares of the exchange traded fund’s stock valued at $313,478,000 after acquiring an additional 3,775,150 shares during the last quarter. BNP Paribas lifted its stake in shares of 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 purchasing an additional 2,691,493 shares during the last quarter. State of Tennessee Department of Treasury lifted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 67.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 2,330,908 shares of the exchange traded fund’s stock valued at $183,326,000 after purchasing an additional 940,923 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 50.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,842,486 shares of the exchange traded fund’s stock worth $147,952,000 after purchasing an additional 614,400 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 4th quarter worth about $17,820,000.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Performance

Shares of iShares iBoxx $ High Yield Corporate Bond ETF stock opened at $79.45 on Friday. The business’s 50 day moving average price is $79.43 and its 200 day moving average price is $79.44. The company has a market cap of $15.17 billion, a price-to-earnings ratio of 16.45 and a beta of 0.46. iShares iBoxx $ High Yield Corporate Bond ETF has a one year low of $75.59 and a one year high of $80.37.

iShares iBoxx $ High Yield Corporate Bond ETF Company Profile

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.