iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB – Get Free Report) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 11,848 shares, a drop of 84.9% from the August 31st total of 78,259 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 14,399 shares, the short-interest ratio is currently 0.8 days.
iShares BB Rated Corporate Bond ETF Price Performance
Shares of iShares BB Rated Corporate Bond ETF stock traded up $0.03 on Friday, reaching $45.47. The company had a trading volume of 23,840 shares, compared to its average volume of 83,747. The firm has a market cap of $304.65 million, a price-to-earnings ratio of 59.99 and a beta of 0.37. The firm’s 50-day moving average price is $46.30 and its two-hundred day moving average price is $46.51. iShares BB Rated Corporate Bond ETF has a 1 year low of $45.22 and a 1 year high of $47.51.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Fiduciary Financial Group LLC raised its position in iShares BB Rated Corporate Bond ETF by 7.0% during the 2nd quarter. Fiduciary Financial Group LLC now owns 11,124 shares of the company’s stock valued at $520,000 after purchasing an additional 724 shares in the last quarter. IFP Advisors Inc grew its holdings in iShares BB Rated Corporate Bond ETF by 61.9% during the 4th quarter. IFP Advisors Inc now owns 2,101 shares of the company’s stock worth $99,000 after acquiring an additional 803 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of iShares BB Rated Corporate Bond ETF by 661.3% in the 1st quarter. Royal Bank of Canada now owns 1,454 shares of the company’s stock valued at $68,000 after purchasing an additional 1,263 shares in the last quarter. Andina Capital Management LLC lifted its position in shares of iShares BB Rated Corporate Bond ETF by 7.4% in the 4th quarter. Andina Capital Management LLC now owns 26,345 shares of the company’s stock worth $1,242,000 after purchasing an additional 1,804 shares during the period. Finally, Hegarty Advisors LLC boosted its stake in shares of iShares BB Rated Corporate Bond ETF by 35.1% during the first quarter. Hegarty Advisors LLC now owns 9,829 shares of the company’s stock valued at $457,000 after purchasing an additional 2,552 shares in the last quarter.
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.
See Also
- Five stocks we like better than iShares BB Rated Corporate Bond ETF
- 3 Defense Stocks Riding Nuclear, Missile, and Aerospace Demand
- SoFi Is Bypassing the Banking Bottleneck With Stablecoin Settlement
- These 3 Overlooked Stocks Have Big Money Behind Them
- Darden Restaurants Serves Up Fresh Catalysts for a Stock Price Rally
Receive News & Ratings for iShares BB Rated Corporate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares BB Rated Corporate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
