Short Interest in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Drops By 44.9%

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 20,040 shares, a drop of 44.9% from the January 15th total of 36,369 shares. Based on an average daily volume of 40,944 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 40,944 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of iShares Interest Rate Hedged High Yield Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC acquired a new position in iShares Interest Rate Hedged High Yield Bond ETF in the third quarter valued at approximately $34,000. Advisory Services Network LLC acquired a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF in the 3rd quarter valued at $58,000. Chilton Capital Management LLC purchased a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the third quarter worth $112,000. Advisors Preferred LLC acquired a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the second quarter valued at $140,000. Finally, Anfield Capital Management LLC increased its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 39.1% in the fourth quarter. Anfield Capital Management LLC now owns 1,971 shares of the company’s stock valued at $170,000 after buying an additional 554 shares in the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

NYSEARCA:HYGH traded up $0.11 during mid-day trading on Friday, hitting $86.20. The company’s stock had a trading volume of 132,427 shares, compared to its average volume of 57,521. The business’s fifty day moving average is $86.49 and its two-hundred day moving average is $86.30. The stock has a market cap of $448.24 million, a price-to-earnings ratio of 10.74 and a beta of 0.28. iShares Interest Rate Hedged High Yield Bond ETF has a 1 year low of $78.23 and a 1 year high of $87.49.

About iShares Interest Rate Hedged High Yield Bond ETF

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.