iShares US & Intl High Yield Corp Bond ETF (BATS:GHYG – Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 119,301 shares, a growth of 17,894.1% from the June 30th total of 663 shares. Approximately 3.3% of the company’s stock are short sold. Based on an average trading volume of 49,849 shares, the days-to-cover ratio is presently 2.4 days.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of GHYG. Ameriprise Financial Inc. raised its position in iShares US & Intl High Yield Corp Bond ETF by 11.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 556,153 shares of the company’s stock valued at $25,878,000 after buying an additional 56,213 shares during the last quarter. Hilltop Partners LLC boosted its position in iShares US & Intl High Yield Corp Bond ETF by 6.9% during the 4th quarter. Hilltop Partners LLC now owns 196,093 shares of the company’s stock worth $9,046,000 after acquiring an additional 12,739 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of iShares US & Intl High Yield Corp Bond ETF by 18,748.0% during the 1st quarter. Jones Financial Companies Lllp now owns 9,424 shares of the company’s stock worth $420,000 after acquiring an additional 9,374 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of iShares US & Intl High Yield Corp Bond ETF by 110.3% during the 1st quarter. Bank of New York Mellon Corp now owns 15,098 shares of the company’s stock worth $681,000 after acquiring an additional 7,920 shares in the last quarter.
iShares US & Intl High Yield Corp Bond ETF Price Performance
GHYG stock traded down $0.04 during trading hours on Friday, reaching $44.86. 6,807 shares of the stock were exchanged, compared to its average volume of 30,308. The firm’s 50-day moving average is $45.20 and its 200-day moving average is $45.56. The company has a market cap of $161.50 million, a price-to-earnings ratio of 11.09 and a beta of 0.44. iShares US & Intl High Yield Corp Bond ETF has a 12 month low of $44.39 and a 12 month high of $46.88.
About iShares US & Intl High Yield Corp Bond ETF
The iShares US & Intl High Yield Corp Bond ETF (GHYG) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of high-yield bonds issued in developed markets and denominated in local currencies. GHYG was launched on Apr 3, 2012 and is managed by BlackRock.
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