iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Sees Significant Growth in Short Interest

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 150,209,099 shares, a growth of 47.5% from the February 26th total of 101,815,053 shares. Currently, 67.3% of the company’s stock are short sold. Based on an average daily trading volume, of 76,662,046 shares, the short-interest ratio is currently 2.0 days.

iShares iBoxx $ High Yield Corporate Bond ETF Stock Up 0.4%

Shares of iShares iBoxx $ High Yield Corporate Bond ETF stock opened at $79.00 on Monday. iShares iBoxx $ High Yield Corporate Bond ETF has a 52 week low of $75.08 and a 52 week high of $81.36. The firm’s 50 day moving average is $80.39 and its two-hundred day moving average is $80.61. The firm has a market capitalization of $17.63 billion, a P/E ratio of 10.79 and a beta of 0.41.

Hedge Funds Weigh In On iShares iBoxx $ High Yield Corporate Bond ETF

Several large investors have recently bought and sold shares of HYG. BNP Paribas lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 4.1% in the 3rd quarter. BNP Paribas now owns 4,720,136 shares of the exchange traded fund’s stock valued at $383,228,000 after purchasing an additional 184,894 shares during the last quarter. Allstate Corp lifted its stake in iShares iBoxx $ High Yield Corporate Bond ETF by 823.6% in the third quarter. Allstate Corp now owns 3,083,249 shares of the exchange traded fund’s stock valued at $250,329,000 after buying an additional 2,749,404 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 18.4% during the third quarter. Ameriprise Financial Inc. now owns 1,818,659 shares of the exchange traded fund’s stock worth $147,320,000 after acquiring an additional 282,574 shares during the last quarter. iA Global Asset Management Inc. increased its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 16.8% in the 4th quarter. iA Global Asset Management Inc. now owns 1,300,125 shares of the exchange traded fund’s stock valued at $104,829,000 after acquiring an additional 186,734 shares during the period. Finally, Jump Financial LLC raised its position in iShares iBoxx $ High Yield Corporate Bond ETF by 335.3% in the 4th quarter. Jump Financial LLC now owns 720,900 shares of the exchange traded fund’s stock valued at $58,126,000 after purchasing an additional 1,027,275 shares during the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Company Profile

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. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.