iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Short Interest Down 60.1% in August

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 96,939 shares, a decrease of 60.1% from the July 30th total of 243,242 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average trading volume of 292,300 shares, the short-interest ratio is currently 0.3 days.

iShares BB Rated Corporate Bond ETF Price Performance

NYSEARCA HYBB opened at $46.66 on Friday. The company has a market cap of $429.27 million, a price-to-earnings ratio of 59.99 and a beta of 0.37. iShares BB Rated Corporate Bond ETF has a 52 week low of $45.92 and a 52 week high of $47.51. The business has a 50 day moving average price of $46.55 and a 200-day moving average price of $46.69.

Institutional Trading of iShares BB Rated Corporate Bond ETF

Several hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new stake in iShares BB Rated Corporate Bond ETF during the 2nd quarter valued at $119,170,000. Stifel Financial Corp lifted its stake in shares of iShares BB Rated Corporate Bond ETF by 44.5% in the fourth quarter. Stifel Financial Corp now owns 1,416,283 shares of the company’s stock valued at $66,749,000 after buying an additional 435,895 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of iShares BB Rated Corporate Bond ETF by 47.9% during the fourth quarter. Benjamin Edwards Inc. now owns 1,081,255 shares of the company’s stock valued at $50,959,000 after buying an additional 349,980 shares during the last quarter. Valmark Advisers Inc. grew its holdings in shares of iShares BB Rated Corporate Bond ETF by 5.2% during the first quarter. Valmark Advisers Inc. now owns 1,531,588 shares of the company’s stock valued at $71,204,000 after buying an additional 75,445 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of iShares BB Rated Corporate Bond ETF by 793.4% during the fourth quarter. Jane Street Group LLC now owns 39,365 shares of the company’s stock valued at $1,855,000 after buying an additional 34,959 shares during the last quarter.

iShares BB Rated Corporate Bond ETF Company Profile

The iShares BB Rated Corporate Bond ETF (HYBB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that only includes bonds with a credit rating of BB. HYBB was launched on Oct 6, 2020 and is managed by BlackRock.