Short Interest in iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Declines By 61.8%

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 4,039 shares, a drop of 61.8% from the May 31st total of 10,585 shares. Based on an average trading volume of 25,346 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of iShares High Yield Corporate Bond BuyWrite Strategy ETF

Large investors have recently bought and sold shares of the company. Private Trust Co. NA increased its position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% in the fourth quarter. Private Trust Co. NA now owns 2,104 shares of the company’s stock valued at $63,000 after buying an additional 657 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 1st quarter valued at about $251,000. Arax Advisory Partners purchased a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 4th quarter valued at about $337,000. Arkadios Wealth Advisors acquired a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF during the fourth quarter worth about $500,000. Finally, RiverFront Investment Group LLC raised its position in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 96.2% during the fourth quarter. RiverFront Investment Group LLC now owns 69,757 shares of the company’s stock worth $2,083,000 after acquiring an additional 34,201 shares during the last quarter.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Price Performance

Shares of BATS:HYGW opened at $29.07 on Monday. The firm has a market capitalization of $218.03 million, a price-to-earnings ratio of 10.56 and a beta of 0.24. The business’s 50 day simple moving average is $29.06 and its 200-day simple moving average is $29.49. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a 12 month low of $28.83 and a 12 month high of $30.68.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Company Profile

The iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) is an exchange-traded fund that is based on the Cboe HYG BuyWrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares High Yield Corporate Bond ETF and writing one-month call options against the shares. HYGW was launched on Aug 18, 2022 and is managed by BlackRock.