iShares U.S. Medical Devices ETF Sees Unusually High Options Volume (NYSEARCA:IHI)

iShares U.S. Medical Devices ETF (NYSEARCA:IHI) was the target of some unusual options trading on Monday. Stock investors bought 38,006 put options on the stock. This represents an increase of 429% compared to the average volume of 7,184 put options.

iShares U.S. Medical Devices ETF Stock Up 1.1%

Shares of iShares U.S. Medical Devices ETF stock traded up $0.64 on Monday, reaching $58.23. The company’s stock had a trading volume of 1,044,755 shares, compared to its average volume of 2,645,870. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 30.76 and a beta of 0.81. The firm’s fifty day simple moving average is $53.26 and its two-hundred day simple moving average is $53.56. iShares U.S. Medical Devices ETF has a 52 week low of $47.37 and a 52 week high of $64.71.

Institutional Investors Weigh In On iShares U.S. Medical Devices ETF

Several institutional investors have recently modified their holdings of IHI. Trillium Asset Management LLC purchased a new position in shares of iShares U.S. Medical Devices ETF during the 3rd quarter valued at $436,000. Nelson Capital Management LLC purchased a new stake in iShares U.S. Medical Devices ETF in the 3rd quarter worth $1,545,000. Cornerstone Advisory LLC increased its stake in iShares U.S. Medical Devices ETF by 34.1% in the 3rd quarter. Cornerstone Advisory LLC now owns 15,712 shares of the company’s stock worth $804,000 after buying an additional 3,996 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in iShares U.S. Medical Devices ETF in the 3rd quarter worth $929,000. Finally, Fisher Asset Management LLC bought a new stake in iShares U.S. Medical Devices ETF during the third quarter valued at about $2,178,000.

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.