iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Sees Significant Growth in Short Interest

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 243,242 shares, an increase of 1,540.1% from the July 15th total of 14,831 shares. Based on an average daily volume of 65,615 shares, the short-interest ratio is presently 3.7 days. Currently, 2.6% of the shares of the stock are short sold.

iShares BB Rated Corporate Bond ETF Trading Up 0.0%

Shares of iShares BB Rated Corporate Bond ETF stock opened at $46.44 on Wednesday. The firm’s 50 day moving average is $46.56 and its 200 day moving average is $46.74. The firm has a market capitalization of $427.25 million, a PE ratio of 59.99 and a beta of 0.37. iShares BB Rated Corporate Bond ETF has a 1 year low of $45.92 and a 1 year high of $47.51.

Institutional Trading of iShares BB Rated Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC lifted its stake in shares of iShares BB Rated Corporate Bond ETF by 45.3% in the 4th quarter. CWM LLC now owns 892 shares of the company’s stock valued at $42,000 after acquiring an additional 278 shares during the last quarter. Royal Bank of Canada grew its position in iShares BB Rated Corporate Bond ETF by 661.3% during the 1st quarter. Royal Bank of Canada now owns 1,454 shares of the company’s stock worth $68,000 after acquiring an additional 1,263 shares during the last quarter. IFP Advisors Inc grew its position in iShares BB Rated Corporate Bond ETF by 61.9% during the 4th quarter. IFP Advisors Inc now owns 2,101 shares of the company’s stock worth $99,000 after acquiring an additional 803 shares during the last quarter. Bank of America Corp DE increased its holdings in iShares BB Rated Corporate Bond ETF by 12.2% in the 2nd quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock worth $159,000 after purchasing an additional 369 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in iShares BB Rated Corporate Bond ETF by 12.4% in the 4th quarter. Osaic Holdings Inc. now owns 3,991 shares of the company’s stock worth $188,000 after purchasing an additional 440 shares in the last quarter.

About iShares BB Rated Corporate Bond ETF

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.