iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Short Interest Update

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 87,761 shares, a decrease of 46.1% from the April 30th total of 162,919 shares. Based on an average daily trading volume, of 62,529 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.6% of the company’s shares are sold short.

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

HYGH stock traded down $0.06 during mid-day trading on Monday, hitting $86.80. 8,448 shares of the company were exchanged, compared to its average volume of 67,718. 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 firm has a market capitalization of $486.08 million, a P/E ratio of 10.74 and a beta of 0.28. The business has a fifty day simple moving average of $86.14 and a 200-day simple moving average of $86.18.

Institutional Trading of iShares Interest Rate Hedged High Yield Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF during the third quarter worth $58,000. Anfield Capital Management LLC lifted its stake in iShares Interest Rate Hedged High Yield Bond ETF by 39.1% during the 4th quarter. Anfield Capital Management LLC now owns 1,971 shares of the company’s stock worth $170,000 after acquiring an additional 554 shares in the last quarter. OxenFree Capital LLC purchased a new position in iShares Interest Rate Hedged High Yield Bond ETF during the 1st quarter valued at about $202,000. Van Diest Capital LLC acquired a new position in iShares Interest Rate Hedged High Yield Bond ETF in the 4th quarter valued at about $210,000. Finally, Strategic Blueprint LLC acquired a new position in iShares Interest Rate Hedged High Yield Bond ETF in the 4th quarter valued at about $212,000.

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.