iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Sees Significant Decrease in Short Interest

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 33,438 shares, a decrease of 43.2% from the August 31st total of 58,885 shares. Based on an average daily volume of 66,821 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the company’s stock are short sold.

iShares Interest Rate Hedged High Yield Bond ETF Stock Down 0.0%

Shares of HYGH stock traded down $0.02 on Wednesday, reaching $85.63. The company had a trading volume of 56,031 shares, compared to its average volume of 62,729. The business’s 50-day moving average is $86.44 and its 200 day moving average is $86.31. iShares Interest Rate Hedged High Yield Bond ETF has a one year low of $84.78 and a one year high of $87.19. The stock has a market capitalization of $655.07 million, a PE ratio of 10.74 and a beta of 0.27.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HYGH. Brookstone Capital Management increased its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 16.9% during the 1st quarter. Brookstone Capital Management now owns 6,537 shares of the company’s stock valued at $560,000 after purchasing an additional 947 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in iShares Interest Rate Hedged High Yield Bond ETF during the 2nd quarter worth about $87,000. Trademark Financial Management LLC boosted its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 40.1% in the first quarter. Trademark Financial Management LLC now owns 3,578 shares of the company’s stock valued at $306,000 after purchasing an additional 1,025 shares in the last quarter. Smithbridge Asset Management Inc. DE increased its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 14.1% during the fourth quarter. Smithbridge Asset Management Inc. DE now owns 9,062 shares of the company’s stock worth $781,000 after acquiring an additional 1,118 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 6.3% in the 1st quarter. Cetera Investment Advisers now owns 18,914 shares of the company’s stock valued at $1,619,000 after purchasing an additional 1,121 shares in the last quarter.

About iShares Interest Rate Hedged High Yield Bond ETF

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.