iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Short Interest Update

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 33,438 shares, a decline of 43.2% from the August 31st total of 58,885 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 66,821 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of iShares Interest Rate Hedged High Yield Bond ETF

Several hedge funds have recently modified their holdings of HYGH. Brookstone Capital Management lifted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 16.9% during the first quarter. Brookstone Capital Management now owns 6,537 shares of the company’s stock valued at $560,000 after buying an additional 947 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF during the 2nd quarter worth $87,000. Trademark Financial Management LLC raised its position in iShares Interest Rate Hedged High Yield Bond ETF by 40.1% during the 1st quarter. Trademark Financial Management LLC now owns 3,578 shares of the company’s stock worth $306,000 after buying an additional 1,025 shares during the last quarter. Smithbridge Asset Management Inc. DE boosted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 14.1% during the 4th quarter. Smithbridge Asset Management Inc. DE now owns 9,062 shares of the company’s stock worth $781,000 after purchasing an additional 1,118 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 6.3% during the 1st quarter. Cetera Investment Advisers now owns 18,914 shares of the company’s stock valued at $1,619,000 after acquiring an additional 1,121 shares in the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Stock Down 0.0%

Shares of NYSEARCA HYGH traded down $0.02 during midday trading on Wednesday, reaching $85.63. 56,031 shares of the company were exchanged, compared to its average volume of 62,729. The stock’s 50-day moving average price is $86.44 and its 200-day moving average price is $86.31. iShares Interest Rate Hedged High Yield Bond ETF has a one year low of $84.78 and a one year high of $87.19. The stock has a market cap of $655.07 million, a P/E ratio of 10.74 and a beta of 0.27.

iShares Interest Rate Hedged High Yield Bond ETF Company Profile

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.