Short Interest in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Drops By 39.6%

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 43,107 shares, a decline of 39.6% from the February 12th total of 71,352 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 148,798 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 148,798 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.8% of the shares of the company are short sold.

iShares Interest Rate Hedged High Yield Bond ETF Trading Down 0.3%

Shares of HYGH stock traded down $0.27 on Friday, hitting $84.90. 30,148 shares of the stock were exchanged, compared to its average volume of 85,213. The firm’s 50 day moving average is $86.34 and its two-hundred day moving average is $86.25. iShares Interest Rate Hedged High Yield Bond ETF has a one year low of $78.23 and a one year high of $87.19. The firm has a market capitalization of $441.48 million, a PE ratio of 10.74 and a beta of 0.28.

Hedge Funds Weigh In On iShares Interest Rate Hedged High Yield Bond ETF

Several large investors have recently modified their holdings of HYGH. Inspire Advisors LLC boosted its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 18.6% in the 3rd quarter. Inspire Advisors LLC now owns 60,225 shares of the company’s stock worth $5,230,000 after buying an additional 9,438 shares during the period. Thrivent Financial for Lutherans bought a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the 3rd quarter valued at $922,000. Envestnet Asset Management Inc. raised its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 13.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 60,512 shares of the company’s stock valued at $5,255,000 after acquiring an additional 7,222 shares during the period. Osaic Holdings Inc. lifted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 26.1% during the second quarter. Osaic Holdings Inc. now owns 33,101 shares of the company’s stock worth $2,861,000 after acquiring an additional 6,861 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF during the second quarter worth $270,000.

About iShares Interest Rate Hedged High Yield Bond ETF

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.