iShares U.S. Medical Devices ETF Target of Unusually Large Options Trading (NYSEARCA:IHI)

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) saw unusually large options trading on Tuesday. Traders purchased 70,016 put options on the stock. This represents an increase of 1,050% compared to the typical daily volume of 6,087 put options.

iShares U.S. Medical Devices ETF Trading Down 1.2%

NYSEARCA:IHI traded down $0.68 during trading hours on Tuesday, hitting $54.29. 1,946,410 shares of the stock were exchanged, compared to its average volume of 2,527,162. The firm’s fifty day moving average price is $52.76 and its 200 day moving average price is $53.02. iShares U.S. Medical Devices ETF has a 52-week low of $47.37 and a 52-week high of $64.71. The company has a market cap of $3.37 billion, a P/E ratio of 30.76 and a beta of 0.81.

Institutional Trading of iShares U.S. Medical Devices ETF

Several large investors have recently made changes to their positions in IHI. Advus Financial Partners LLC purchased a new position in iShares U.S. Medical Devices ETF in the 2nd quarter valued at $329,000. Readystate Asset Management LP purchased a new stake in shares of iShares U.S. Medical Devices ETF during the second quarter worth $248,000. Ameritas Advisory Services LLC grew its holdings in shares of iShares U.S. Medical Devices ETF by 71.3% during the second quarter. Ameritas Advisory Services LLC now owns 42,498 shares of the company’s stock worth $2,100,000 after buying an additional 17,694 shares in the last quarter. HB Wealth Management LLC raised its position in shares of iShares U.S. Medical Devices ETF by 6.1% in the second quarter. HB Wealth Management LLC now owns 11,737 shares of the company’s stock valued at $580,000 after buying an additional 673 shares during the last quarter. Finally, Seven Fleet Capital Management LP acquired a new stake in shares of iShares U.S. Medical Devices ETF in the second quarter valued at about $682,000.

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.