iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Short Interest Update

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 136,217 shares, a growth of 1,000.8% from the June 15th total of 12,374 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 26,817 shares, the days-to-cover ratio is currently 5.1 days.

Institutional Trading of iShares BB Rated Corporate Bond ETF

A number of hedge funds have recently modified their holdings of the company. Fiduciary Financial Group LLC boosted its stake in 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 worth $520,000 after acquiring an additional 724 shares during the last quarter. Bank of America Corp DE increased its stake in iShares BB Rated Corporate Bond ETF by 77.0% in the first quarter. Bank of America Corp DE now owns 34,887 shares of the company’s stock valued at $1,622,000 after purchasing an additional 15,174 shares in the last quarter. IFS Group LLC bought a new stake in iShares BB Rated Corporate Bond ETF in the first quarter valued at approximately $207,000. Royal Bank of Canada raised its holdings in iShares BB Rated Corporate Bond ETF by 661.3% in the first quarter. Royal Bank of Canada now owns 1,454 shares of the company’s stock worth $68,000 after purchasing an additional 1,263 shares during the period. Finally, Valmark Advisers Inc. raised its holdings in iShares BB Rated Corporate Bond ETF by 5.2% in the first quarter. Valmark Advisers Inc. now owns 1,531,588 shares of the company’s stock worth $71,204,000 after purchasing an additional 75,445 shares during the period.

iShares BB Rated Corporate Bond ETF Stock Performance

NYSEARCA:HYBB traded down $0.05 during mid-day trading on Friday, hitting $46.57. The company had a trading volume of 14,421 shares, compared to its average volume of 85,423. iShares BB Rated Corporate Bond ETF has a fifty-two week low of $45.92 and a fifty-two week high of $47.51. The firm has a market cap of $409.82 million, a P/E ratio of 59.99 and a beta of 0.37. The business’s fifty day moving average is $46.64 and its two-hundred day moving average is $46.86.

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.