iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 58,454,683 shares, a growth of 18.9% from the January 12th total of 49,154,627 shares. Based on an average daily volume of 14,475,013 shares, the short-interest ratio is currently 4.0 days.

Institutional investors and hedge funds have recently modified their holdings of the stock. Scottrade Investment Management boosted its holdings in iShares iBoxx $ High Yid Corp Bond by 10.1% in the third quarter. Scottrade Investment Management now owns 1,439,362 shares of the exchange traded fund’s stock valued at $127,758,000 after purchasing an additional 131,700 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in iShares iBoxx $ High Yid Corp Bond in the third quarter valued at about $1,154,000. Navellier & Associates Inc boosted its holdings in iShares iBoxx $ High Yid Corp Bond by 13.1% in the second quarter. Navellier & Associates Inc now owns 5,597 shares of the exchange traded fund’s stock valued at $495,000 after purchasing an additional 649 shares during the last quarter. BTS Asset Management Inc. boosted its holdings in iShares iBoxx $ High Yid Corp Bond by 11.7% in the third quarter. BTS Asset Management Inc. now owns 4,696,279 shares of the exchange traded fund’s stock valued at $414,931,000 after purchasing an additional 490,683 shares during the last quarter. Finally, IFC Holdings Incorporated FL boosted its holdings in iShares iBoxx $ High Yid Corp Bond by 15.0% in the third quarter. IFC Holdings Incorporated FL now owns 229,752 shares of the exchange traded fund’s stock valued at $20,396,000 after purchasing an additional 30,044 shares during the last quarter.

Shares of iShares iBoxx $ High Yid Corp Bond (HYG) traded up $0.15 on Wednesday, reaching $85.41. The company had a trading volume of 19,294,785 shares, compared to its average volume of 18,243,613. The stock has a market capitalization of $15,470.00 and a P/E ratio of 20.40. iShares iBoxx $ High Yid Corp Bond has a 1 year low of $84.07 and a 1 year high of $89.04.

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 7th. Investors of record on Friday, February 2nd were issued a $0.3663 dividend. The ex-dividend date was Thursday, February 1st. This represents a $4.40 dividend on an annualized basis and a yield of 5.15%. This is an increase from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.36. iShares iBoxx $ High Yid Corp Bond’s dividend payout ratio is currently 106.46%.

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About iShares iBoxx $ High Yid Corp Bond

iShares iBoxx $ High Yield Corporate Bond ETF (the Fund), formerly iShares iBoxx $ High Yield Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the Index), which is a rules-based index consisting of liquid the United States dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider.

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