Short Interest in iShares US & Intl High Yield Corp Bond ETF (BATS:GHYG) Drops By 82.6%

iShares US & Intl High Yield Corp Bond ETF (BATS:GHYG) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,362 shares, a drop of 82.6% from the April 30th total of 7,843 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 36,185 shares, the days-to-cover ratio is presently 0.0 days.

iShares US & Intl High Yield Corp Bond ETF Stock Performance

Shares of GHYG stock opened at $45.45 on Thursday. The stock’s 50-day moving average is $45.36 and its two-hundred day moving average is $45.79. The firm has a market cap of $163.62 million, a price-to-earnings ratio of 11.09 and a beta of 0.44. iShares US & Intl High Yield Corp Bond ETF has a 1 year low of $44.39 and a 1 year high of $46.88.

Hedge Funds Weigh In On iShares US & Intl High Yield Corp Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in GHYG. Ameriprise Financial Inc. grew its holdings in shares of iShares US & Intl High Yield Corp Bond ETF by 11.2% during the third quarter. Ameriprise Financial Inc. now owns 556,153 shares of the company’s stock worth $25,878,000 after buying an additional 56,213 shares during the last quarter. Hilltop Partners LLC grew its holdings in shares of iShares US & Intl High Yield Corp Bond ETF by 6.9% during the fourth quarter. Hilltop Partners LLC now owns 196,093 shares of the company’s stock worth $9,046,000 after buying an additional 12,739 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of iShares US & Intl High Yield Corp Bond ETF by 18,748.0% during the first quarter. Jones Financial Companies Lllp now owns 9,424 shares of the company’s stock worth $420,000 after buying an additional 9,374 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of iShares US & Intl High Yield Corp Bond ETF by 110.3% during the first quarter. Bank of New York Mellon Corp now owns 15,098 shares of the company’s stock worth $681,000 after buying an additional 7,920 shares during the last quarter. Finally, Mount Lucas Management LP grew its holdings in shares of iShares US & Intl High Yield Corp Bond ETF by 3.6% during the third quarter. Mount Lucas Management LP now owns 41,136 shares of the company’s stock worth $1,914,000 after buying an additional 1,448 shares during the last quarter.

About iShares US & Intl High Yield Corp Bond ETF

The iShares US & Intl High Yield Corp Bond ETF (GHYG) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of high-yield bonds issued in developed markets and denominated in local currencies. GHYG was launched on Apr 3, 2012 and is managed by BlackRock.