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

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 36,369 shares, a growth of 142.9% from the December 31st total of 14,975 shares. Based on an average daily trading volume, of 60,078 shares, the short-interest ratio is presently 0.6 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 60,078 shares, the short-interest ratio is presently 0.6 days.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

HYGH traded down $0.12 during trading on Friday, reaching $86.74. 33,796 shares of the company’s stock were exchanged, compared to its average volume of 50,470. The company’s fifty day moving average price is $86.43 and its 200-day moving average price is $86.30. The firm has a market capitalization of $442.37 million, a PE ratio of 10.74 and a beta of 0.28. iShares Interest Rate Hedged High Yield Bond ETF has a fifty-two week low of $78.23 and a fifty-two week high of $87.56.

Institutional Trading of iShares Interest Rate Hedged High Yield Bond ETF

A number of hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 12.1% during the first quarter. Royal Bank of Canada now owns 15,785 shares of the company’s stock valued at $1,344,000 after purchasing an additional 1,709 shares during the period. Jane Street Group LLC lifted its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 291.4% during the first quarter. Jane Street Group LLC now owns 44,532 shares of the company’s stock worth $3,794,000 after acquiring an additional 33,154 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in iShares Interest Rate Hedged High Yield Bond ETF in the second quarter valued at about $53,000. Axxcess Wealth Management LLC increased its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 431.0% in the second quarter. Axxcess Wealth Management LLC now owns 73,359 shares of the company’s stock worth $6,348,000 after acquiring an additional 59,543 shares in the last quarter. Finally, Brookstone Capital Management increased its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 22.6% in the second quarter. Brookstone Capital Management now owns 4,874 shares of the company’s stock worth $422,000 after acquiring an additional 898 shares in the last quarter.

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.