iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB – Get Free Report) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 8,846 shares, an increase of 87.5% from the April 30th total of 4,718 shares. Based on an average daily volume of 19,538 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are sold short.
Institutional Investors Weigh In On iShares BB Rated Corporate Bond ETF
Hedge funds have recently bought and sold shares of the stock. Confluence Investment Management LLC lifted its position in shares of iShares BB Rated Corporate Bond ETF by 60.1% during the 4th quarter. Confluence Investment Management LLC now owns 433,506 shares of the company’s stock valued at $20,431,000 after buying an additional 162,677 shares in the last quarter. Valmark Advisers Inc. purchased a new position in shares of iShares BB Rated Corporate Bond ETF during the 4th quarter valued at approximately $68,628,000. Focus Partners Advisor Solutions LLC lifted its position in shares of iShares BB Rated Corporate Bond ETF by 304.6% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 44,388 shares of the company’s stock valued at $2,090,000 after buying an additional 33,418 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of iShares BB Rated Corporate Bond ETF by 47.9% during the 4th quarter. Benjamin Edwards Inc. now owns 1,081,255 shares of the company’s stock valued at $50,959,000 after buying an additional 349,980 shares in the last quarter. Finally, Commons Capital LLC purchased a new position in shares of iShares BB Rated Corporate Bond ETF during the 4th quarter valued at approximately $585,000.
iShares BB Rated Corporate Bond ETF Trading Down 0.4%
iShares BB Rated Corporate Bond ETF stock opened at $46.70 on Tuesday. iShares BB Rated Corporate Bond ETF has a 12 month low of $45.92 and a 12 month high of $47.51. The stock’s 50 day simple moving average is $46.65 and its two-hundred day simple moving average is $46.95. The firm has a market cap of $422.64 million, a PE ratio of 59.99 and a beta of 0.38.
iShares BB Rated Corporate Bond ETF Company Profile
The iShares BB Rated Corporate Bond ETF (HYBB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that only includes bonds with a credit rating of BB. HYBB was launched on Oct 6, 2020 and is managed by BlackRock.
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