Short Interest in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Decreases By 23.3%

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 65,017,227 shares, a drop of 23.3% from the November 30th total of 84,792,370 shares. Based on an average trading volume of 39,115,341 shares, the short-interest ratio is presently 1.7 days. Approximately 27.5% of the shares of the company are short sold. Approximately 27.5% of the shares of the company are short sold. Based on an average trading volume of 39,115,341 shares, the short-interest ratio is presently 1.7 days.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Up 0.1%

NYSEARCA:HYG traded up $0.08 during trading hours on Tuesday, hitting $80.71. 20,142,138 shares of the company traded hands, compared to its average volume of 40,655,301. The firm has a 50-day moving average of $80.59 and a 200 day moving average of $80.54. iShares iBoxx $ High Yield Corporate Bond ETF has a twelve month low of $75.08 and a twelve month high of $81.36. The stock has a market capitalization of $19.10 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41.

Institutional Investors Weigh In On iShares iBoxx $ High Yield Corporate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of HYG. Cary Street Partners Financial LLC raised its position in iShares iBoxx $ High Yield Corporate Bond ETF by 3.3% in the 2nd quarter. Cary Street Partners Financial LLC now owns 4,077 shares of the exchange traded fund’s stock worth $329,000 after purchasing an additional 129 shares during the last quarter. Citizens & Northern Corp increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 2.7% in the 2nd quarter. Citizens & Northern Corp now owns 7,019 shares of the exchange traded fund’s stock valued at $566,000 after buying an additional 182 shares in the last quarter. Providence First Trust Co raised its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 7.3% during the third quarter. Providence First Trust Co now owns 2,721 shares of the exchange traded fund’s stock worth $221,000 after purchasing an additional 186 shares during the period. WASHINGTON TRUST Co raised its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 1.6% during the 2nd quarter. WASHINGTON TRUST Co now owns 11,650 shares of the exchange traded fund’s stock worth $940,000 after buying an additional 188 shares during the period. Finally, ST Germain D J Co. Inc. lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 207.7% in the 2nd quarter. ST Germain D J Co. Inc. now owns 480 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 324 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Company Profile

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.