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

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 43,107 shares, a decrease of 39.6% from the February 12th total of 71,352 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 148,798 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 148,798 shares, the short-interest ratio is presently 0.3 days. Approximately 0.8% of the shares of the company are sold short.

iShares Interest Rate Hedged High Yield Bond ETF Trading Down 0.3%

NYSEARCA:HYGH traded down $0.27 during trading hours on Friday, reaching $84.90. The company had a trading volume of 30,148 shares, compared to its average volume of 85,213. The firm has a market cap of $441.48 million, a price-to-earnings ratio of 10.74 and a beta of 0.28. The firm’s 50 day moving average price is $86.34 and its 200-day moving average price is $86.25. iShares Interest Rate Hedged High Yield Bond ETF has a 52 week low of $78.23 and a 52 week high of $87.19.

Institutional Trading of iShares Interest Rate Hedged High Yield Bond ETF

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its position in iShares Interest Rate Hedged High Yield Bond ETF by 12.1% in the first quarter. Royal Bank of Canada now owns 15,785 shares of the company’s stock worth $1,344,000 after purchasing an additional 1,709 shares during the last quarter. Jane Street Group LLC increased its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 291.4% during the 1st quarter. Jane Street Group LLC now owns 44,532 shares of the company’s stock valued at $3,794,000 after purchasing an additional 33,154 shares during the last quarter. Meridian Wealth Management LLC lifted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 12.3% in the 2nd quarter. Meridian Wealth Management LLC now owns 2,869 shares of the company’s stock worth $248,000 after purchasing an additional 314 shares during the period. Cetera Investment Advisers lifted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 6.6% in the 2nd quarter. Cetera Investment Advisers now owns 5,315 shares of the company’s stock worth $460,000 after purchasing an additional 329 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF in the second quarter worth approximately $1,089,000.

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.