Short Interest in iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Expands By 182.8%

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 7,604 shares, a growth of 182.8% from the July 15th total of 2,689 shares. Based on an average daily volume of 15,676 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its holdings in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% in the fourth quarter. Private Trust Co. NA now owns 2,104 shares of the company’s stock valued at $63,000 after acquiring an additional 657 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 1.2% in the 4th quarter. JPMorgan Chase & Co. now owns 177,335 shares of the company’s stock valued at $5,295,000 after acquiring an additional 2,118 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the 1st quarter valued at $251,000. Arax Advisory Partners purchased a new stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF in the 4th quarter valued at $337,000. Finally, Arkadios Wealth Advisors purchased a new stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF in the 4th quarter valued at $500,000.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Performance

iShares High Yield Corporate Bond BuyWrite Strategy ETF stock opened at $28.98 on Friday. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a fifty-two week low of $28.79 and a fifty-two week high of $30.46. The company has a market capitalization of $217.35 million, a P/E ratio of 10.56 and a beta of 0.24. The stock has a 50-day simple moving average of $28.95 and a 200-day simple moving average of $29.25.

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.