iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW – Get Free Report) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 29,986 shares, a growth of 642.4% from the June 15th total of 4,039 shares. Based on an average daily volume of 28,823 shares, the short-interest ratio is currently 1.0 days. Approximately 0.4% of the company’s stock are sold short.
iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Performance
HYGW stock opened at $28.97 on Monday. The firm has a 50 day moving average price of $29.01 and a 200-day moving average price of $29.42. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a 52-week low of $28.83 and a 52-week high of $30.46. The firm has a market capitalization of $217.28 million, a price-to-earnings ratio of 10.56 and a beta of 0.24.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. RiverFront Investment Group LLC boosted its holdings in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 96.2% in the fourth quarter. RiverFront Investment Group LLC now owns 69,757 shares of the company’s stock worth $2,083,000 after acquiring an additional 34,201 shares in the last quarter. Private Trust Co. NA grew its stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% in the fourth quarter. Private Trust Co. NA now owns 2,104 shares of the company’s stock worth $63,000 after acquiring an additional 657 shares during the last quarter. Arkadios Wealth Advisors bought a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the fourth quarter valued at $500,000. JPMorgan Chase & Co. increased its holdings in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 47.0% during the second quarter. JPMorgan Chase & Co. now owns 194,549 shares of the company’s stock valued at $5,955,000 after acquiring an additional 62,234 shares in the last quarter. Finally, Arax Advisory Partners purchased a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the 4th quarter worth about $337,000.
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.
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