iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 58,885 shares, a growth of 98.9% from the August 15th total of 29,607 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 52,705 shares, the days-to-cover ratio is presently 1.1 days.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. MinichMacGregor Wealth Management LLC lifted its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 12.0% in the first quarter. MinichMacGregor Wealth Management LLC now owns 146,471 shares of the company’s stock valued at $12,539,000 after buying an additional 15,723 shares during the period. AdvisorNet Financial Inc grew its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 1.9% in the 1st quarter. AdvisorNet Financial Inc now owns 77,514 shares of the company’s stock valued at $6,636,000 after buying an additional 1,424 shares during the period. Foundations Investment Advisors LLC increased its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 9.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 68,936 shares of the company’s stock valued at $5,942,000 after buying an additional 6,106 shares in the last quarter. Focus Financial Network Inc. raised its stake in iShares Interest Rate Hedged High Yield Bond ETF by 13.2% during the 2nd quarter. Focus Financial Network Inc. now owns 36,996 shares of the company’s stock worth $3,204,000 after buying an additional 4,301 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its stake in iShares Interest Rate Hedged High Yield Bond ETF by 31.9% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 31,720 shares of the company’s stock worth $2,716,000 after buying an additional 7,666 shares during the period.
iShares Interest Rate Hedged High Yield Bond ETF Stock Performance
iShares Interest Rate Hedged High Yield Bond ETF stock opened at $86.41 on Thursday. The firm has a market cap of $610.05 million, a P/E ratio of 10.74 and a beta of 0.27. iShares Interest Rate Hedged High Yield Bond ETF has a 52 week low of $84.78 and a 52 week high of $87.19. The business’s fifty day moving average is $86.49 and its two-hundred day moving average is $86.27.
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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