Investors Buy High Volume of Put Options on iShares U.S. Home Construction ETF (BATS:ITB)

iShares U.S. Home Construction ETF (BATS:ITB) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 13,678 put options on the stock. This is an increase of approximately 290% compared to the average volume of 3,510 put options.

Hedge Funds Weigh In On iShares U.S. Home Construction ETF

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its position in shares of iShares U.S. Home Construction ETF by 20.5% during the 1st quarter. Bank of America Corp DE now owns 6,962,234 shares of the exchange traded fund’s stock valued at $630,430,000 after acquiring an additional 1,182,332 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of iShares U.S. Home Construction ETF by 102.9% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,704,500 shares of the exchange traded fund’s stock worth $164,143,000 after purchasing an additional 864,500 shares during the last quarter. MKP Capital Management L.L.C. purchased a new stake in iShares U.S. Home Construction ETF in the fourth quarter valued at approximately $37,538,000. Raymond James Financial Inc. raised its stake in iShares U.S. Home Construction ETF by 329.7% in the third quarter. Raymond James Financial Inc. now owns 440,063 shares of the exchange traded fund’s stock valued at $47,197,000 after purchasing an additional 337,660 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new stake in iShares U.S. Home Construction ETF in the fourth quarter valued at approximately $28,890,000.

iShares U.S. Home Construction ETF Stock Performance

Shares of ITB stock opened at $100.33 on Wednesday. The company has a market capitalization of $2.31 billion, a PE ratio of 10.18 and a beta of 1.31. iShares U.S. Home Construction ETF has a 52-week low of $84.98 and a 52-week high of $118.00. The business’s fifty day moving average is $96.93 and its 200 day moving average is $98.67.

iShares U.S. Home Construction ETF Company Profile

iShares U.S. Home Construction ETF, formerly iShares Dow Jones U.S. Home Construction Index Fund, seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Home Construction Index (the Index). The Index measures the performance of the home construction sector of the United States equity market, and includes companies that are constructors of residential homes, including manufacturers of mobile and prefabricated homes. The Company invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.