iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Stock Price Up 0.5% – Here’s Why

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) were up 0.5% during mid-day trading on Thursday . The stock traded as high as $29.83 and last traded at $29.92. Approximately 48,119 shares traded hands during trading, a decline of 9% from the average daily volume of 52,973 shares. The stock had previously closed at $29.78.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Price Performance

The stock has a market cap of $224.55 million, a PE ratio of 10.56 and a beta of 0.24. The stock has a 50-day simple moving average of $29.94 and a 200-day simple moving average of $30.14.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares High Yield Corporate Bond BuyWrite Strategy ETF stock. JPMorgan Chase & Co. boosted its holdings in iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) by 47.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 194,549 shares of the company’s stock after acquiring an additional 62,234 shares during the quarter. JPMorgan Chase & Co. owned about 2.59% of iShares High Yield Corporate Bond BuyWrite Strategy ETF worth $5,955,000 as of its most recent SEC filing.

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.