iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Shares Shorted: Short Interest Down 84.9% in September

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 11,848 shares, a drop of 84.9% from the August 31st total of 78,259 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 14,399 shares, the days-to-cover ratio is presently 0.8 days.

iShares BB Rated Corporate Bond ETF Stock Down 0.1%

Shares of iShares BB Rated Corporate Bond ETF stock traded down $0.05 on Friday, hitting $45.39. 1,249 shares of the company traded hands, compared to its average volume of 83,623. The company has a 50-day moving average price of $46.32 and a 200 day moving average price of $46.52. iShares BB Rated Corporate Bond ETF has a 12-month low of $45.42 and a 12-month high of $47.51. The company has a market cap of $304.09 million, a PE ratio of 59.99 and a beta of 0.37.

Hedge Funds Weigh In On iShares BB Rated Corporate Bond ETF

Several institutional investors have recently bought and sold shares of the stock. Keeler Thomas Management LLC acquired a new stake in shares of iShares BB Rated Corporate Bond ETF in the second quarter worth about $255,000. Public Employees Retirement System of Ohio acquired a new position in shares of iShares BB Rated Corporate Bond ETF during the 2nd quarter valued at about $119,170,000. Fiduciary Financial Group LLC increased its holdings in shares of iShares BB Rated Corporate Bond ETF by 7.0% during the 2nd quarter. Fiduciary Financial Group LLC now owns 11,124 shares of the company’s stock valued at $520,000 after acquiring an additional 724 shares during the last quarter. Bank of America Corp DE raised its stake in shares of iShares BB Rated Corporate Bond ETF by 77.0% in the 1st quarter. Bank of America Corp DE now owns 34,887 shares of the company’s stock valued at $1,622,000 after acquiring an additional 15,174 shares in the last quarter. Finally, IFS Group LLC bought a new position in shares of iShares BB Rated Corporate Bond ETF in the 1st quarter valued at approximately $207,000.

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.