iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Short Interest Down 44.9% in January

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 20,040 shares, a drop of 44.9% from the January 15th total of 36,369 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 40,944 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 40,944 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the shares of the stock are sold short.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

HYGH traded up $0.11 on Friday, reaching $86.20. 132,427 shares of the company’s stock were exchanged, compared to its average volume of 57,521. iShares Interest Rate Hedged High Yield Bond ETF has a twelve month low of $78.23 and a twelve month high of $87.49. The stock has a market cap of $448.24 million, a PE ratio of 10.74 and a beta of 0.28. The stock’s fifty day moving average price is $86.49 and its 200-day moving average price is $86.30.

Hedge Funds Weigh In On iShares Interest Rate Hedged High Yield Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HYGH. Greenline Wealth Management LLC purchased a new stake in iShares Interest Rate Hedged High Yield Bond ETF in the 4th quarter valued at $429,000. Principal Securities Inc. boosted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 15.7% during the 4th quarter. Principal Securities Inc. now owns 3,320 shares of the company’s stock valued at $286,000 after acquiring an additional 451 shares during the last quarter. Smithbridge Asset Management Inc. DE grew its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 14.1% in the fourth quarter. Smithbridge Asset Management Inc. DE now owns 9,062 shares of the company’s stock valued at $781,000 after purchasing an additional 1,118 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 190.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,207 shares of the company’s stock valued at $966,000 after purchasing an additional 7,347 shares during the period. Finally, LPL Financial LLC increased its position in iShares Interest Rate Hedged High Yield Bond ETF by 4.5% during the fourth quarter. LPL Financial LLC now owns 268,735 shares of the company’s stock worth $23,165,000 after purchasing an additional 11,505 shares during the last quarter.

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.