iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW – Get Free Report) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 2,689 shares, a decrease of 91.0% from the June 30th total of 29,986 shares. Based on an average daily volume of 38,546 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.
iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Performance
Shares of BATS:HYGW remained flat at $28.82 during midday trading on Friday. 10,340 shares of the company traded hands, compared to its average volume of 81,300. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a twelve month low of $28.80 and a twelve month high of $30.46. The business has a 50 day moving average of $28.99 and a 200-day moving average of $29.36. The firm has a market capitalization of $216.15 million, a P/E ratio of 10.56 and a beta of 0.24.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Private Trust Co. NA increased its stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% during the 4th quarter. Private Trust Co. NA now owns 2,104 shares of the company’s stock worth $63,000 after purchasing an additional 657 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF during the first quarter worth approximately $251,000. Arax Advisory Partners bought a new stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF in the fourth quarter valued at approximately $337,000. Arkadios Wealth Advisors acquired a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the fourth quarter valued at approximately $500,000. Finally, RiverFront Investment Group LLC lifted 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 valued at $2,083,000 after purchasing an additional 34,201 shares during the last quarter.
About iShares High Yield Corporate Bond BuyWrite Strategy ETF
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.
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