iShares iBoxx $ High Yid Corp Bond (HYG) Sees Large Increase in Short Interest

iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 51,557,411 shares, an increase of 9.1% from the October 13th total of 47,257,974 shares. Based on an average daily trading volume, of 8,712,593 shares, the days-to-cover ratio is currently 5.9 days.

Several hedge funds and other institutional investors have recently made changes to their positions in HYG. Alken Asset Management Ltd. purchased a new stake in shares of iShares iBoxx $ High Yid Corp Bond during the second quarter valued at $126,000. Kohmann Bosshard Financial Services LLC acquired a new position in iShares iBoxx $ High Yid Corp Bond during the third quarter valued at $135,000. Capital Advisors Ltd. LLC raised its position in iShares iBoxx $ High Yid Corp Bond by 5.2% during the second quarter. Capital Advisors Ltd. LLC now owns 1,727 shares of the exchange traded fund’s stock valued at $153,000 after buying an additional 85 shares during the period. Forward Management LLC acquired a new position in iShares iBoxx $ High Yid Corp Bond during the second quarter valued at $191,000. Finally, Tower Research Capital LLC TRC raised its position in iShares iBoxx $ High Yid Corp Bond by 239.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,167 shares of the exchange traded fund’s stock valued at $192,000 after buying an additional 1,529 shares during the period.

Shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) opened at $86.68 on Wednesday. iShares iBoxx $ High Yid Corp Bond has a fifty-two week low of $84.48 and a fifty-two week high of $89.04.

The business also recently announced a monthly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Thursday, November 2nd were issued a dividend of $0.3656 per share. This represents a $4.39 annualized dividend and a dividend yield of 5.06%. This is an increase from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.37. The ex-dividend date was Wednesday, November 1st. iShares iBoxx $ High Yid Corp Bond’s dividend payout ratio is currently 105.74%.

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About iShares iBoxx $ High Yid Corp Bond

iShares iBoxx $ High Yield Corporate Bond ETF (the Fund), formerly iShares iBoxx $ High Yield Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the Index), which is a rules-based index consisting of liquid the United States dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider.

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