Short Interest in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Decreases By 20.1%

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 120,060,194 shares, a decline of 20.1% from the March 15th total of 150,209,099 shares. Currently, 57.1% of the shares of the company are short sold. Based on an average trading volume of 72,467,699 shares, the short-interest ratio is currently 1.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Capricorn Fund Managers Ltd bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the 3rd quarter worth about $2,544,000. Amarillo National Bank increased its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 6.4% during the 3rd quarter. Amarillo National Bank now owns 202,376 shares of the exchange traded fund’s stock worth $16,431,000 after purchasing an additional 12,169 shares during the period. Burns J W & Co. Inc. NY increased its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 27.0% in the fourth quarter. Burns J W & Co. Inc. NY now owns 31,042 shares of the exchange traded fund’s stock valued at $2,503,000 after acquiring an additional 6,605 shares during the period. Worth Asset Management LLC increased its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 34.2% in the third quarter. Worth Asset Management LLC now owns 102,225 shares of the exchange traded fund’s stock valued at $8,300,000 after acquiring an additional 26,041 shares during the period. Finally, Bessemer Group Inc. increased its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 467.7% in the third quarter. Bessemer Group Inc. now owns 46,435 shares of the exchange traded fund’s stock valued at $3,770,000 after acquiring an additional 38,256 shares during the period.

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

iShares iBoxx $ High Yield Corporate Bond ETF stock traded down $0.11 on Thursday, reaching $80.35. 37,734,966 shares of the stock were exchanged, compared to its average volume of 50,850,434. The stock has a market cap of $16.93 billion, a PE ratio of 10.79 and a beta of 0.42. iShares iBoxx $ High Yield Corporate Bond ETF has a twelve month low of $77.15 and a twelve month high of $81.36. The firm has a fifty day moving average price of $80.09 and a two-hundred day moving average price of $80.50.

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.