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

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) saw unusually large options trading activity on Thursday. Stock traders purchased 4,516 call options on the company. This represents an increase of 75% compared to the average volume of 2,575 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC increased its holdings in shares of iShares U.S. Medical Devices ETF by 22.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 9,345 shares of the company’s stock valued at $562,000 after acquiring an additional 1,710 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in iShares U.S. Medical Devices ETF by 46.7% during the first quarter. Goldman Sachs Group Inc. now owns 427,152 shares of the company’s stock worth $25,710,000 after purchasing an additional 135,927 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in iShares U.S. Medical Devices ETF by 15.7% in the second 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 in the last quarter. Qube Research & Technologies Ltd boosted its holdings in iShares U.S. Medical Devices ETF by 16.2% in the second 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 in the last quarter. Finally, Jane Street Group LLC increased its stake in iShares U.S. Medical Devices ETF by 188.6% in the second quarter. Jane Street Group LLC now owns 55,569 shares of the company’s stock valued at $3,481,000 after purchasing an additional 36,312 shares during the last quarter.

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

IHI stock traded up $0.01 during midday trading on Thursday, hitting $51.27. The company’s stock 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 200-day simple moving average of $55.19. The firm has a market capitalization of $3.17 billion, a P/E ratio of 30.76 and a beta of 0.82. iShares U.S. Medical Devices ETF has a 52-week low of $47.37 and a 52-week high of $64.71.

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.