iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Sees Significant Decrease in Short Interest

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 29,607 shares, a decline of 43.0% from the July 30th total of 51,946 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 52,770 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of iShares Interest Rate Hedged High Yield Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 67,808.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,942,942 shares of the company’s stock worth $598,482,000 after acquiring an additional 6,932,718 shares during the last quarter. Sigma Planning Corp lifted its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 407.2% during the first quarter. Sigma Planning Corp now owns 13,014 shares of the company’s stock valued at $1,114,000 after purchasing an additional 10,448 shares during the last quarter. AXS Investments LLC boosted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 55.2% in the 1st quarter. AXS Investments LLC now owns 28,387 shares of the company’s stock valued at $2,430,000 after purchasing an additional 10,091 shares during the period. Nations Financial Group Inc. IA ADV boosted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 31.9% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 31,720 shares of the company’s stock valued at $2,716,000 after purchasing an additional 7,666 shares during the period. Finally, MinichMacGregor Wealth Management LLC increased its stake in iShares Interest Rate Hedged High Yield Bond ETF by 12.0% in the 1st quarter. MinichMacGregor Wealth Management LLC now owns 146,471 shares of the company’s stock worth $12,539,000 after purchasing an additional 15,723 shares in the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Stock Down 0.1%

iShares Interest Rate Hedged High Yield Bond ETF stock traded down $0.05 during midday trading on Monday, hitting $86.83. The company’s stock had a trading volume of 78,201 shares, compared to its average volume of 63,083. iShares Interest Rate Hedged High Yield Bond ETF has a 12 month low of $84.78 and a 12 month high of $87.19. The company has a market capitalization of $599.13 million, a PE ratio of 10.74 and a beta of 0.27. The stock’s 50-day moving average price is $86.51 and its 200-day moving average price is $86.25.

iShares Interest Rate Hedged High Yield Bond ETF Company Profile

The iShares Interest Rate Hedged High Yield Bond ETF (HYGH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index that holds the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) that targets USD-denominated corporate high-yield bonds while mitigating interest-rate risk. HYGH was launched on May 27, 2014 and is managed by BlackRock.