iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW – Get Free Report) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 82,479 shares, an increase of 261.8% from the September 15th total of 22,795 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average trading volume of 32,828 shares, the days-to-cover ratio is currently 2.5 days.
Institutional Trading of iShares High Yield Corporate Bond BuyWrite Strategy ETF
A hedge fund recently bought a new stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF stock. Janney Montgomery Scott LLC bought a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,499 shares of the company’s stock, valued at approximately $251,000. Janney Montgomery Scott LLC owned about 0.11% of iShares High Yield Corporate Bond BuyWrite Strategy ETF at the end of the most recent quarter.
iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Performance
Shares of HYGW stock opened at $28.08 on Tuesday. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a fifty-two week low of $27.85 and a fifty-two week high of $30.39. The firm has a market capitalization of $210.60 million, a price-to-earnings ratio of 10.56 and a beta of 0.24. The stock’s 50-day simple moving average is $28.63 and its 200-day simple moving average is $28.91.
About iShares High Yield Corporate Bond BuyWrite Strategy ETF
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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