iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW – Get Free Report) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 13,411 shares, a decrease of 83.7% from the September 30th total of 82,479 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 26,519 shares, the days-to-cover ratio is currently 0.5 days.
iShares High Yield Corporate Bond BuyWrite Strategy ETF Price Performance
iShares High Yield Corporate Bond BuyWrite Strategy ETF stock opened at $28.12 on Wednesday. The firm has a 50 day simple moving average of $28.43 and a 200-day simple moving average of $29.08. The stock has a market cap of $210.90 million, a price-to-earnings ratio of 10.56 and a beta of 0.24. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a 1-year low of $27.85 and a 1-year high of $30.39.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF stock. Janney Montgomery Scott LLC bought a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,499 shares of the company’s stock, valued at approximately $251,000. Janney Montgomery Scott LLC owned about 0.11% of iShares High Yield Corporate Bond BuyWrite Strategy ETF as of its most recent SEC filing.
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.
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