Traders Buy High Volume of Call Options on iShares U.S. Transportation ETF (BATS:IYT)

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iShares U.S. Transportation ETF (BATS:IYTGet Rating) was the recipient of unusually large options trading activity on Monday. Stock traders acquired 5,019 call options on the company. This represents an increase of approximately 380% compared to the average volume of 1,045 call options.

iShares U.S. Transportation ETF Stock Performance

IYT stock opened at $234.21 on Tuesday. The firm’s fifty day moving average is $220.31 and its 200 day moving average is $241.63. iShares U.S. Transportation ETF has a one year low of $157.65 and a one year high of $206.73.

Hedge Funds Weigh In On iShares U.S. Transportation ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. St. Johns Investment Management Company LLC purchased a new position in shares of iShares U.S. Transportation ETF in the fourth quarter worth about $26,000. Norwood Financial Corp purchased a new position in shares of iShares U.S. Transportation ETF in the fourth quarter worth about $28,000. Koshinski Asset Management Inc. lifted its stake in shares of iShares U.S. Transportation ETF by 126.7% in the first quarter. Koshinski Asset Management Inc. now owns 102 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 57 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of iShares U.S. Transportation ETF by 222.2% in the first quarter. National Bank of Canada FI now owns 145 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 100 shares in the last quarter. Finally, Cornerstone Advisory LLC purchased a new position in shares of iShares U.S. Transportation ETF in the fourth quarter worth about $41,000.

iShares U.S. Transportation ETF Company Profile

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iShares Transportation Average ETF (the Fund), formerly iShares Dow Jones Transportation Average Index Fund, is an exchange-traded fund (ETF). The Fund seek investment results that correspond generally to the price and yield performance, before fees and expenses, of Dow Jones Transportation Average Index.

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