iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB – Get Free Report) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 1,597 shares, a drop of 86.5% from the September 15th total of 11,848 shares. Based on an average daily volume of 21,036 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.
Institutional Investors Weigh In On iShares BB Rated Corporate Bond ETF
A number of institutional investors have recently added to or reduced their stakes in HYBB. Royal Bank of Canada grew its stake in shares of iShares BB Rated Corporate Bond ETF by 661.3% in the first quarter. Royal Bank of Canada now owns 1,454 shares of the company’s stock worth $68,000 after purchasing an additional 1,263 shares during the last quarter. IFS Group LLC bought a new position in iShares BB Rated Corporate Bond ETF during the 1st quarter worth $207,000. Keeler Thomas Management LLC bought a new position in iShares BB Rated Corporate Bond ETF during the 2nd quarter worth $255,000. Hegarty Advisors LLC raised its position in iShares BB Rated Corporate Bond ETF by 35.1% during the 1st quarter. Hegarty Advisors LLC now owns 9,829 shares of the company’s stock worth $457,000 after purchasing an additional 2,552 shares during the last quarter. Finally, Fiduciary Financial Group LLC lifted its holdings 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 worth $520,000 after buying an additional 724 shares during the period.
iShares BB Rated Corporate Bond ETF Stock Performance
Shares of NYSEARCA:HYBB traded up $0.06 during midday trading on Friday, hitting $45.16. 22,103 shares of the stock were exchanged, compared to its average volume of 84,979. The business’s 50-day moving average price is $46.02 and its 200 day moving average price is $46.41. iShares BB Rated Corporate Bond ETF has a 12 month low of $44.60 and a 12 month high of $47.51. The stock has a market capitalization of $302.57 million, a price-to-earnings 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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