iShares iBoxx $ High Yid Corp Bond (ETF) Has More Gas To Decrease After Today’s Bearish Options Activity

 iShares iBoxx $ High Yid Corp Bond (ETF) Has More Gas To Decrease After Today's Bearish Options Activity

In today’s session iShares iBoxx $ High Yid Corp Bond (ETF) (HYG) recorded an unusually high (32,965) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious HYG decrease. With 32,965 contracts traded and 524694 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: HYG170120P00085000 closed last at: $1.42 or 10.1% up. iShares iBoxx $ High Yid Corp Bond (ETF) (NYSEARCA:HYG) has risen 3.19% since April 25, 2016 and is uptrending. It has underperformed by 2.82% the S&P500.

iShares iBoxx $ High Yield Corporate Bond ETF , formerly iShares iBoxx $ High Yield Corporate Bond Fund, is an exchange-traded fund (ETF). The ETF has a market cap of $16.44 billion. The Fund seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the Index), which is a rules 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. It has a 20.49 P/E ratio. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and gas and oil companies.

More recent iShares iBoxx $ High Yid Corp Bond (ETF) (NYSEARCA:HYG) news were published by: Etfdailynews.com which released: “This Interest Rate-Hedged High Yield ETF Is Suddenly Making Big Inroads” on November 21, 2016. Also Etfdailynews.com published the news titled: “Investors are Fleeing from Junk Bond ETFs” on September 17, 2016. Investorplace.com‘s news article titled: “iShares iBoxx $ High Yid Corp Bond (ETF): Too Far, Too Fast” with publication date: March 09, 2016 was also an interesting one.

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