Short Interest in iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Decreases By 61.8%

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 4,039 shares, a decrease of 61.8% from the May 31st total of 10,585 shares. Based on an average trading volume of 25,346 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of iShares High Yield Corporate Bond BuyWrite Strategy ETF

Several institutional investors have recently added to or reduced their stakes in HYGW. RiverFront Investment Group LLC grew its stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 96.2% during the fourth quarter. RiverFront Investment Group LLC now owns 69,757 shares of the company’s stock valued at $2,083,000 after buying an additional 34,201 shares during the last quarter. Arax Advisory Partners bought a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 4th quarter worth approximately $337,000. Private Trust Co. NA lifted its stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% during the 4th quarter. Private Trust Co. NA now owns 2,104 shares of the company’s stock worth $63,000 after acquiring an additional 657 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 1.2% during the 4th quarter. JPMorgan Chase & Co. now owns 177,335 shares of the company’s stock valued at $5,295,000 after acquiring an additional 2,118 shares during the period. Finally, Arkadios Wealth Advisors purchased a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 4th quarter valued at $500,000.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Trading Up 0.0%

iShares High Yield Corporate Bond BuyWrite Strategy ETF stock opened at $29.07 on Friday. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a 12-month low of $28.83 and a 12-month high of $30.68. The firm has a 50-day moving average price of $29.06 and a 200-day moving average price of $29.49. The firm has a market capitalization of $218.03 million, a PE ratio of 10.56 and a beta of 0.24.

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.