iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Short Interest Update

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 101,815,053 shares, an increase of 15.5% from the February 12th total of 88,134,011 shares. Based on an average daily trading volume, of 41,352,671 shares, the days-to-cover ratio is currently 2.5 days. Currently, 45.6% of the company’s shares are short sold. Currently, 45.6% of the company’s shares are short sold. Based on an average daily trading volume, of 41,352,671 shares, the days-to-cover ratio is currently 2.5 days.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Up 0.4%

Shares of HYG traded up $0.35 during mid-day trading on Tuesday, hitting $79.80. 13,513,329 shares of the company’s stock traded hands, compared to its average volume of 46,074,133. The firm has a market capitalization of $17.81 billion, a P/E ratio of 10.79 and a beta of 0.41. The business’s 50-day moving average price is $80.70 and its 200-day moving average price is $80.71. iShares iBoxx $ High Yield Corporate Bond ETF has a 1 year low of $75.08 and a 1 year high of $81.36.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 130.8% in the first quarter. NewEdge Advisors LLC now owns 17,128 shares of the exchange traded fund’s stock worth $1,351,000 after acquiring an additional 9,708 shares in the last quarter. Bank of New York Mellon Corp lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF by 33.1% during the second quarter. Bank of New York Mellon Corp now owns 140,134 shares of the exchange traded fund’s stock valued at $11,302,000 after purchasing an additional 34,857 shares during the period. Western Wealth Management LLC purchased a new stake in iShares iBoxx $ High Yield Corporate Bond ETF in the second quarter worth approximately $204,000. Sierra Capital LLC boosted its holdings in iShares iBoxx $ High Yield Corporate Bond ETF by 14.8% in the second quarter. Sierra Capital LLC now owns 21,182 shares of the exchange traded fund’s stock worth $1,708,000 after purchasing an additional 2,726 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in iShares iBoxx $ High Yield Corporate Bond ETF by 255.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,234,868 shares of the exchange traded fund’s stock worth $825,442,000 after purchasing an additional 7,358,059 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.