Short Interest in iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Drops By 77.6%

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 4,967 shares, a decrease of 77.6% from the April 15th total of 22,159 shares. Based on an average trading volume of 308,258 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the company’s shares are sold short.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Trading Up 0.1%

Shares of HYGW traded up $0.02 during trading hours on Wednesday, hitting $29.04. 7,305 shares of the stock traded hands, compared to its average volume of 109,957. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a 1-year low of $28.90 and a 1-year high of $30.75. The business has a fifty day moving average of $29.30 and a 200-day moving average of $29.73. The firm has a market capitalization of $217.80 million, a PE ratio of 10.56 and a beta of 0.24.

Institutional Investors Weigh In On iShares High Yield Corporate Bond BuyWrite Strategy ETF

Hedge funds have recently modified their holdings of the business. Private Trust Co. NA raised its position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% during the fourth quarter. Private Trust Co. NA now owns 2,104 shares of the company’s stock worth $63,000 after purchasing an additional 657 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the first quarter worth about $251,000. Arax Advisory Partners bought a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the fourth quarter worth about $337,000. Arkadios Wealth Advisors bought a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF in the fourth quarter valued at approximately $500,000. Finally, RiverFront Investment Group LLC grew its stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 96.2% in the fourth quarter. RiverFront Investment Group LLC now owns 69,757 shares of the company’s stock valued at $2,083,000 after purchasing an additional 34,201 shares in the last quarter.

About iShares High Yield Corporate Bond BuyWrite Strategy ETF

The iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) is an exchange-traded fund that is based on the Cboe HYG BuyWrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares High Yield Corporate Bond ETF and writing one-month call options against the shares. HYGW was launched on Aug 18, 2022 and is managed by BlackRock.