iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Sees Significant Growth in Short Interest

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 71,352 shares, a growth of 256.0% from the January 29th total of 20,040 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 71,683 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 71,683 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Van Diest Capital LLC purchased a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the fourth quarter valued at about $210,000. Cetera Investment Advisers increased its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 22.4% during the 4th quarter. Cetera Investment Advisers now owns 17,793 shares of the company’s stock valued at $1,534,000 after purchasing an additional 3,251 shares during the last quarter. Equitable Holdings Inc. increased its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 6.9% during the 4th quarter. Equitable Holdings Inc. now owns 10,644 shares of the company’s stock valued at $918,000 after purchasing an additional 691 shares during the last quarter. MinichMacGregor Wealth Management LLC raised its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 7.1% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 130,748 shares of the company’s stock valued at $11,271,000 after buying an additional 8,619 shares in the last quarter. Finally, Regal Investment Advisors LLC lifted its position in iShares Interest Rate Hedged High Yield Bond ETF by 12.7% in the 4th quarter. Regal Investment Advisors LLC now owns 6,135 shares of the company’s stock worth $529,000 after buying an additional 693 shares during the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

HYGH stock traded down $0.20 during midday trading on Thursday, reaching $86.13. The company had a trading volume of 2,425 shares, compared to its average volume of 61,360. The firm has a 50-day moving average price of $86.49 and a 200-day moving average price of $86.31. The company has a market capitalization of $447.85 million, a P/E 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 $87.19.

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.