Investors Buy Large Volume of Put Options on iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) was the recipient of some unusual options trading activity on Monday. Traders purchased 20,043 put options on the company. This represents an increase of 2,252% compared to the average daily volume of 852 put options.

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

NYSEARCA IHI traded up $0.02 during trading on Monday, reaching $50.10. The company’s stock had a trading volume of 1,453,686 shares, compared to its average volume of 2,333,308. The stock has a market capitalization of $3.10 billion, a PE ratio of 30.76 and a beta of 0.83. The business has a 50-day moving average price of $51.38 and a 200-day moving average price of $57.25. iShares U.S. Medical Devices ETF has a 1-year low of $47.37 and a 1-year high of $64.71.

Institutional Trading of iShares U.S. Medical Devices ETF

A number of institutional investors have recently added to or reduced their stakes in IHI. Paragon Private Wealth Management LLC boosted its stake in shares of iShares U.S. Medical Devices ETF by 4.8% during the 1st quarter. Paragon Private Wealth Management LLC now owns 11,811 shares of the company’s stock worth $630,000 after acquiring an additional 545 shares in the last quarter. Hamilton Wealth LLC increased its holdings in shares of iShares U.S. Medical Devices ETF by 222.7% during the 1st quarter. Hamilton Wealth LLC now owns 263,760 shares of the company’s stock valued at $14,072,000 after acquiring an additional 182,020 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of iShares U.S. Medical Devices ETF during the 1st quarter valued at about $100,000. Quantinno Capital Management LP increased its holdings in shares of iShares U.S. Medical Devices ETF by 12.6% during the 1st quarter. Quantinno Capital Management LP now owns 9,027 shares of the company’s stock valued at $482,000 after acquiring an additional 1,008 shares during the last quarter. Finally, Blue Chip Partners LLC acquired a new position in shares of iShares U.S. Medical Devices ETF during the 1st quarter valued at about $550,000.

iShares U.S. Medical Devices ETF Company Profile

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.