iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Short Interest Down 20.1% in March

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 120,060,194 shares, a decline of 20.1% from the March 15th total of 150,209,099 shares. Currently, 57.1% of the shares of the stock are sold short. Based on an average trading volume of 72,467,699 shares, the days-to-cover ratio is currently 1.7 days.

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

NYSEARCA HYG traded down $0.11 on Thursday, reaching $80.35. The company’s stock had a trading volume of 37,734,966 shares, compared to its average volume of 50,850,434. The firm has a market cap of $16.93 billion, a PE ratio of 10.79 and a beta of 0.42. The business has a 50-day moving average price of $80.09 and a 200 day moving average price of $80.50. iShares iBoxx $ High Yield Corporate Bond ETF has a 52 week low of $77.15 and a 52 week high of $81.36.

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HYG. Elyxium Wealth LLC bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the fourth quarter valued at about $32,000. Triumph Capital Management bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the third quarter worth about $38,000. High Point Wealth Management LLC bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter worth about $38,000. Root Financial Partners LLC bought a new stake in iShares iBoxx $ High Yield Corporate Bond ETF during the third quarter worth about $40,000. Finally, First PREMIER Bank grew its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 12,840.0% during the third quarter. First PREMIER Bank now owns 647 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 642 shares during the last quarter.

About iShares iBoxx $ High Yield Corporate Bond ETF

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.