iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Sees Significant Drop in Short Interest

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 4,967 shares, a decline of 77.6% from the April 15th total of 22,159 shares. Based on an average daily trading volume, of 308,258 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are sold short.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Up 0.1%

Shares of HYGW stock traded up $0.02 during trading hours on Wednesday, reaching $29.04. 7,305 shares of the company’s stock were exchanged, compared to its average volume of 109,957. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a fifty-two week low of $28.90 and a fifty-two week high of $30.75. The stock has a market capitalization of $217.80 million, a P/E ratio of 10.56 and a beta of 0.24. The business has a fifty day moving average price of $29.30 and a 200-day moving average price of $29.73.

Institutional Trading of iShares High Yield Corporate Bond BuyWrite Strategy ETF

Large investors have recently bought and sold shares of the stock. Arkadios Wealth Advisors bought a new stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF in the fourth quarter valued at $500,000. Private Trust Co. NA grew its holdings in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% during the fourth quarter. Private Trust Co. NA now owns 2,104 shares of the company’s stock worth $63,000 after purchasing an additional 657 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 47.0% during the second quarter. JPMorgan Chase & Co. now owns 194,549 shares of the company’s stock worth $5,955,000 after purchasing an additional 62,234 shares during the last quarter. Arax Advisory Partners bought a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the fourth quarter worth $337,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the first quarter worth $251,000.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Company Profile

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.