iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW – Get Free Report) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 4,039 shares, a decline of 61.8% from the May 31st total of 10,585 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 25,346 shares, the days-to-cover ratio is currently 0.2 days.
Hedge Funds Weigh In On iShares High Yield Corporate Bond BuyWrite Strategy ETF
A number of hedge funds have recently added to or reduced their stakes in HYGW. Janney Montgomery Scott LLC bought a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the first quarter valued at approximately $251,000. Arax Advisory Partners purchased a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the fourth quarter valued at approximately $337,000. Arkadios Wealth Advisors bought a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF in the fourth quarter worth approximately $500,000. JPMorgan Chase & Co. grew its stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 1.2% in the fourth quarter. JPMorgan Chase & Co. now owns 177,335 shares of the company’s stock worth $5,295,000 after purchasing an additional 2,118 shares in the last quarter. Finally, RiverFront Investment Group LLC increased its holdings in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 96.2% during the 4th quarter. RiverFront Investment Group LLC now owns 69,757 shares of the company’s stock worth $2,083,000 after purchasing an additional 34,201 shares during the period.
iShares High Yield Corporate Bond BuyWrite Strategy ETF Trading Up 0.0%
BATS HYGW opened at $29.07 on Friday. The stock has a market cap of $218.03 million, a PE ratio of 10.56 and a beta of 0.24. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a 12 month low of $28.83 and a 12 month high of $30.68. The company’s 50-day moving average price is $29.06 and its 200-day moving average price is $29.49.
iShares High Yield Corporate Bond BuyWrite Strategy ETF Company Profile
The iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) is an exchange-traded fund that is based on the Cboe HYG BuyWrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares High Yield Corporate Bond ETF and writing one-month call options against the shares. HYGW was launched on Aug 18, 2022 and is managed by BlackRock.
Featured Articles
- Five stocks we like better than iShares High Yield Corporate Bond BuyWrite Strategy ETF
- SpaceX Has Real Value—But These 3 Stocks Have Better Odds Right Now
- 3 Stocks That Could Benefit as the Robotaxi Race Heats Up
- 3 Waste Stocks Turning AI Investments into Growth
- 3 Overlooked Tech ETFs That Are Quietly Killing It This Year
Receive News & Ratings for iShares High Yield Corporate Bond BuyWrite Strategy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares High Yield Corporate Bond BuyWrite Strategy ETF and related companies with MarketBeat.com's FREE daily email newsletter.
