Short Interest in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Grows By 28.2%

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 81,464,227 shares, a growth of 28.2% from the December 31st total of 63,547,370 shares. Based on an average trading volume of 31,607,466 shares, the short-interest ratio is presently 2.6 days. Currently, 37.0% of the company’s shares are sold short. Currently, 37.0% of the company’s shares are sold short. Based on an average trading volume of 31,607,466 shares, the short-interest ratio is presently 2.6 days.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Down 0.1%

Shares of iShares iBoxx $ High Yield Corporate Bond ETF stock traded down $0.05 during trading on Tuesday, reaching $80.72. 49,349,419 shares of the company were exchanged, compared to its average volume of 36,302,137. The business has a 50-day moving average price of $80.81 and a 200-day moving average price of $80.70. The firm has a market capitalization of $17.88 billion, a price-to-earnings ratio of 10.79 and a beta of 0.41. iShares iBoxx $ High Yield Corporate Bond ETF has a twelve month low of $75.08 and a twelve month high of $81.36.

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 130.8% in the 1st quarter. NewEdge Advisors LLC now owns 17,128 shares of the exchange traded fund’s stock valued at $1,351,000 after acquiring an additional 9,708 shares in the last quarter. Fortis Capital Advisors LLC acquired a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 2nd quarter valued at about $642,000. Belpointe Asset Management LLC lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 15.2% in the second quarter. Belpointe Asset Management LLC now owns 30,686 shares of the exchange traded fund’s stock valued at $2,475,000 after purchasing an additional 4,041 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the second quarter worth about $121,000. Finally, Richardson Financial Services Inc. boosted its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 3.8% during the second quarter. Richardson Financial Services Inc. now owns 29,412 shares of the exchange traded fund’s stock worth $2,358,000 after buying an additional 1,082 shares during the period.

iShares iBoxx $ High Yield Corporate Bond ETF Company Profile

iShares iBoxx $ High Yield Corporate Bond ETF (the Fund), formerly iShares iBoxx $ High Yield Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the Index), which is a rules-based index consisting of liquid the United States dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.