Traders Purchase High Volume of Put Options on iShares U.S. Medical Devices ETF (NYSEARCA:IHI)

iShares U.S. Medical Devices ETF (NYSEARCA:IHIGet Free Report) saw some unusual options trading activity on Monday. Stock investors bought 65,071 put options on the stock. This represents an increase of approximately 3,699% compared to the typical volume of 1,713 put options.

Hedge Funds Weigh In On iShares U.S. Medical Devices ETF

Several hedge funds have recently added to or reduced their stakes in IHI. Whittier Trust Co. of Nevada Inc. grew its position in shares of iShares U.S. Medical Devices ETF by 107.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 386 shares of the company’s stock worth $25,000 after buying an additional 200 shares during the period. FWL Investment Management LLC bought a new position in iShares U.S. Medical Devices ETF during the 3rd quarter worth approximately $27,000. Flagship Harbor Advisors LLC bought a new position in iShares U.S. Medical Devices ETF during the 4th quarter worth approximately $29,000. Group One Trading LLC bought a new position in iShares U.S. Medical Devices ETF during the 2nd quarter worth approximately $29,000. Finally, Modus Advisors LLC acquired a new position in iShares U.S. Medical Devices ETF during the fourth quarter valued at approximately $30,000.

iShares U.S. Medical Devices ETF Price Performance

Shares of IHI stock traded down $0.30 during trading hours on Monday, reaching $50.73. The company had a trading volume of 2,456,925 shares, compared to its average volume of 2,402,723. iShares U.S. Medical Devices ETF has a 1-year low of $47.37 and a 1-year high of $64.71. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 30.76 and a beta of 0.83. The company has a 50 day moving average of $50.19 and a 200 day moving average of $55.82.

iShares U.S. Medical Devices ETF Company Profile

(Get Free Report)

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.

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