Stock Traders Buy High Volume of Call Options on iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) was the target of some unusual options trading activity on Thursday. Stock investors purchased 4,516 call options on the stock. This represents an increase of approximately 75% compared to the average daily volume of 2,575 call options.

Hedge Funds Weigh In On iShares U.S. Medical Devices ETF

Hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC increased its position in shares of iShares U.S. Medical Devices ETF by 22.4% during the first quarter. Integrated Wealth Concepts LLC now owns 9,345 shares of the company’s stock worth $562,000 after purchasing an additional 1,710 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of iShares U.S. Medical Devices ETF by 46.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 427,152 shares of the company’s stock valued at $25,710,000 after purchasing an additional 135,927 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of iShares U.S. Medical Devices ETF by 15.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,303 shares of the company’s stock valued at $82,000 after purchasing an additional 177 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of iShares U.S. Medical Devices ETF by 16.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 158,077 shares of the company’s stock valued at $9,902,000 after purchasing an additional 22,052 shares during the period. Finally, Jane Street Group LLC grew its stake in iShares U.S. Medical Devices ETF by 188.6% during the 2nd quarter. Jane Street Group LLC now owns 55,569 shares of the company’s stock worth $3,481,000 after buying an additional 36,312 shares during the last quarter.

iShares U.S. Medical Devices ETF Trading Up 0.0%

Shares of NYSEARCA IHI traded up $0.01 during mid-day trading on Thursday, reaching $51.27. The company had a trading volume of 1,109,647 shares, compared to its average volume of 2,478,936. The firm has a 50 day simple moving average of $49.87 and a two-hundred day simple moving average of $55.19. iShares U.S. Medical Devices ETF has a 52-week low of $47.37 and a 52-week high of $64.71. The stock has a market cap of $3.17 billion, a P/E ratio of 30.76 and a beta of 0.82.

About iShares U.S. Medical Devices ETF

The iShares U.S. Medical Devices ETF (IHI) is an exchange-traded fund that is based on the DJ US Select \u002F Medical Equipment index, a market-cap-weighted index of manufacturers and distributors of medical devices in the US. IHI was launched on May 1, 2006 and is managed by BlackRock.