iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH – Get Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 87,761 shares, a drop of 46.1% from the April 30th total of 162,919 shares. Based on an average daily volume of 62,529 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.6% of the company’s stock are short sold.
Hedge Funds Weigh In On iShares Interest Rate Hedged High Yield Bond ETF
Several large investors have recently bought and sold shares of HYGH. Northwestern Mutual Wealth Management Co. grew its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 67,808.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,942,942 shares of the company’s stock worth $598,482,000 after purchasing an additional 6,932,718 shares during the last quarter. Live Oak Investment Partners purchased a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF in the 4th quarter valued at about $3,433,000. Jane Street Group LLC boosted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 291.4% in the 1st quarter. Jane Street Group LLC now owns 44,532 shares of the company’s stock valued at $3,794,000 after purchasing an additional 33,154 shares during the period. AdvisorNet Financial Inc boosted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 42.8% in the 4th quarter. AdvisorNet Financial Inc now owns 76,090 shares of the company’s stock valued at $6,559,000 after purchasing an additional 22,809 shares during the period. Finally, MinichMacGregor Wealth Management LLC grew its stake in iShares Interest Rate Hedged High Yield Bond ETF by 12.0% during the 1st quarter. MinichMacGregor Wealth Management LLC now owns 146,471 shares of the company’s stock worth $12,539,000 after buying an additional 15,723 shares during the last quarter.
iShares Interest Rate Hedged High Yield Bond ETF Price Performance
Shares of iShares Interest Rate Hedged High Yield Bond ETF stock traded down $0.06 during trading hours on Monday, hitting $86.80. The company had a trading volume of 8,448 shares, compared to its average volume of 67,718. The company’s 50-day moving average is $86.14 and its two-hundred day moving average is $86.18. The company has a market cap of $486.08 million, a P/E ratio of 10.74 and a beta of 0.28. iShares Interest Rate Hedged High Yield Bond ETF has a twelve month low of $84.78 and a twelve month high of $87.19.
About iShares Interest Rate Hedged High Yield Bond ETF
The iShares Interest Rate Hedged High Yield Bond ETF (HYGH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index that holds the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) that targets USD-denominated corporate high-yield bonds while mitigating interest-rate risk. HYGH was launched on May 27, 2014 and is managed by BlackRock.
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