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

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the recipient of some unusual options trading activity on Friday. Stock traders bought 633,473 put options on the stock. This is an increase of approximately 68% compared to the average daily volume of 377,006 put options.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. State of Tennessee Department of Treasury lifted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 67.7% during 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 buying an additional 940,923 shares in the last quarter. JPMorgan Chase & Co. raised its stake in 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 acquiring an additional 614,400 shares during the period. Ameriprise Financial Inc. lifted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 4.5% during the fourth quarter. Ameriprise Financial Inc. now owns 1,657,223 shares of the exchange traded fund’s stock valued at $130,426,000 after purchasing an additional 72,044 shares in the last quarter. Allstate Corp boosted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 61.7% in the fourth quarter. Allstate Corp now owns 564,114 shares of the exchange traded fund’s stock worth $44,368,000 after purchasing an additional 215,168 shares during the period. Finally, Stairway Partners LLC increased its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 3.5% in the fourth quarter. Stairway Partners LLC now owns 307,948 shares of the exchange traded fund’s stock worth $24,220,000 after purchasing an additional 10,464 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Down 0.2 %

Shares of NYSEARCA:HYG opened at $78.80 on Friday. The stock has a market capitalization of $15.28 billion, a PE ratio of 10.89 and a beta of 0.46. The firm’s 50 day moving average price is $79.49 and its 200-day moving average price is $79.43. iShares iBoxx $ High Yield Corporate Bond ETF has a twelve month low of $75.59 and a twelve month 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.