iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Short Interest Up 642.4% in June

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 29,986 shares, a growth of 642.4% from the June 15th total of 4,039 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 28,823 shares, the short-interest ratio is currently 1.0 days.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Performance

Shares of BATS HYGW remained flat at $28.97 during trading hours on Friday. 14,556 shares of the company traded hands, compared to its average volume of 86,345. The firm has a fifty day moving average of $29.01 and a two-hundred day moving average of $29.42. The firm has a market cap of $217.28 million, a P/E ratio of 10.56 and a beta of 0.24. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a twelve month low of $28.83 and a twelve month high of $30.46.

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

Large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC acquired a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 1st quarter worth $251,000. Arax Advisory Partners bought a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF in the fourth quarter valued at about $337,000. Arkadios Wealth Advisors acquired a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF during the fourth quarter worth about $500,000. JPMorgan Chase & Co. lifted its holdings in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 1.2% in the fourth quarter. JPMorgan Chase & Co. now owns 177,335 shares of the company’s stock worth $5,295,000 after acquiring an additional 2,118 shares during the last quarter. Finally, RiverFront Investment Group LLC lifted its holdings in shares of 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 worth $2,083,000 after acquiring an additional 34,201 shares during the last quarter.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Company Profile

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.