iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Shares Shorted: Short Interest Down 84.9% in September

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 11,848 shares, a drop of 84.9% from the August 31st total of 78,259 shares. Based on an average daily volume of 14,399 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Valmark Advisers Inc. grew its position in shares of iShares BB Rated Corporate Bond ETF by 5.2% in the first quarter. Valmark Advisers Inc. now owns 1,531,588 shares of the company’s stock valued at $71,204,000 after purchasing an additional 75,445 shares during the last quarter. Bank of America Corp DE lifted its position in shares of iShares BB Rated Corporate Bond ETF by 77.0% during the 1st quarter. Bank of America Corp DE now owns 34,887 shares of the company’s stock worth $1,622,000 after purchasing an additional 15,174 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of iShares BB Rated Corporate Bond ETF during the 2nd quarter worth about $119,170,000. Fifth Third Bancorp bought a new stake in iShares BB Rated Corporate Bond ETF during the 1st quarter valued at approximately $558,000. Finally, Keeler Thomas Management LLC bought a new stake in iShares BB Rated Corporate Bond ETF during the 2nd quarter valued at approximately $255,000.

iShares BB Rated Corporate Bond ETF Stock Performance

Shares of iShares BB Rated Corporate Bond ETF stock traded down $0.05 on Friday, reaching $45.39. The stock had a trading volume of 1,249 shares, compared to its average volume of 83,623. The business’s 50-day moving average price is $46.32 and its two-hundred day moving average price is $46.52. iShares BB Rated Corporate Bond ETF has a fifty-two week low of $45.42 and a fifty-two week high of $47.51. The stock has a market cap of $304.09 million, a P/E ratio of 59.99 and a beta of 0.37.

iShares BB Rated Corporate Bond ETF Company Profile

The iShares BB Rated Corporate Bond ETF (HYBB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that only includes bonds with a credit rating of BB. HYBB was launched on Oct 6, 2020 and is managed by BlackRock.