iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Short Interest Down 89.1% in July

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 14,831 shares, a drop of 89.1% from the June 30th total of 136,217 shares. Based on an average trading volume of 13,448 shares, the short-interest ratio is presently 1.1 days. Approximately 0.2% of the company’s shares are sold short.

iShares BB Rated Corporate Bond ETF Stock Performance

Shares of HYBB stock remained flat at $46.32 during mid-day trading on Monday. The stock had a trading volume of 9,733 shares, compared to its average volume of 79,760. The company has a market cap of $409.93 million, a P/E ratio of 59.99 and a beta of 0.37. The stock’s 50 day simple moving average is $46.61 and its two-hundred day simple moving average is $46.81. iShares BB Rated Corporate Bond ETF has a 1 year low of $45.92 and a 1 year high of $47.51.

Hedge Funds Weigh In On iShares BB Rated Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in shares of iShares BB Rated Corporate Bond ETF in the 4th quarter valued at $101,049,000. Valmark Advisers Inc. increased its position in iShares BB Rated Corporate Bond ETF by 5.2% in the 1st 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 in the last quarter. Stifel Financial Corp boosted its holdings in 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 worth $66,749,000 after acquiring an additional 435,895 shares in the last quarter. Benjamin Edwards Inc. grew its stake in iShares BB Rated Corporate Bond ETF by 47.9% in the fourth quarter. Benjamin Edwards Inc. now owns 1,081,255 shares of the company’s stock valued at $50,959,000 after acquiring an additional 349,980 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of iShares BB Rated Corporate Bond ETF by 4.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 372,034 shares of the company’s stock valued at $17,534,000 after acquiring an additional 14,582 shares in 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.