iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH – Get Free Report) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 51,946 shares, a decline of 42.3% from the July 15th total of 90,090 shares. Based on an average daily volume of 62,989 shares, the short-interest ratio is presently 0.8 days. Approximately 0.8% of the company’s stock are short sold.
Institutional Investors Weigh In On iShares Interest Rate Hedged High Yield Bond ETF
A number of large investors have recently added to or reduced their stakes in HYGH. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 67,808.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,942,942 shares of the company’s stock valued at $598,482,000 after purchasing an additional 6,932,718 shares during the period. LPL Financial LLC grew its stake in iShares Interest Rate Hedged High Yield Bond ETF by 4.5% in the 4th quarter. LPL Financial LLC now owns 268,735 shares of the company’s stock valued at $23,165,000 after buying an additional 11,505 shares during the last quarter. MinichMacGregor Wealth Management LLC raised its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 12.0% in the 1st quarter. MinichMacGregor Wealth Management LLC now owns 146,471 shares of the company’s stock worth $12,539,000 after acquiring an additional 15,723 shares during the period. UBS Group AG raised its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 12.7% in the 3rd quarter. UBS Group AG now owns 99,290 shares of the company’s stock worth $8,622,000 after acquiring an additional 11,226 shares during the period. Finally, AdvisorNet Financial Inc lifted its position in iShares Interest Rate Hedged High Yield Bond ETF by 1.9% during the 1st quarter. AdvisorNet Financial Inc now owns 77,514 shares of the company’s stock worth $6,636,000 after acquiring an additional 1,424 shares during the last quarter.
iShares Interest Rate Hedged High Yield Bond ETF Trading Down 0.1%
iShares Interest Rate Hedged High Yield Bond ETF stock traded down $0.06 during mid-day trading on Tuesday, hitting $86.49. 76,692 shares of the company’s stock were exchanged, compared to its average volume of 63,740. iShares Interest Rate Hedged High Yield Bond ETF has a 1-year low of $84.78 and a 1-year high of $87.19. The stock has a 50 day moving average of $86.48 and a two-hundred day moving average of $86.25. The stock has a market cap of $596.78 million, a P/E ratio of 10.74 and a beta of 0.27.
iShares Interest Rate Hedged High Yield Bond ETF Company Profile
The iShares Interest Rate Hedged High Yield Bond ETF (HYGH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index that holds the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) that targets USD-denominated corporate high-yield bonds while mitigating interest-rate risk. HYGH was launched on May 27, 2014 and is managed by BlackRock.
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