iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Sees Large Decline in Short Interest

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 4,967 shares, a drop of 77.6% from the April 15th total of 22,159 shares. Based on an average daily volume of 308,258 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Price Performance

HYGW opened at $29.06 on Friday. The business’s 50-day moving average price is $29.27 and its two-hundred day moving average price is $29.71. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a 1 year low of $28.90 and a 1 year high of $30.75. The company has a market capitalization of $217.95 million, a price-to-earnings ratio of 10.56 and a beta of 0.24.

Institutional Trading of iShares High Yield Corporate Bond BuyWrite Strategy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of HYGW. JPMorgan Chase & Co. increased its position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 47.0% in the second quarter. JPMorgan Chase & Co. now owns 194,549 shares of the company’s stock valued at $5,955,000 after acquiring an additional 62,234 shares during the last quarter. RiverFront Investment Group LLC increased its position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 96.2% in the fourth quarter. RiverFront Investment Group LLC now owns 69,757 shares of the company’s stock valued at $2,083,000 after acquiring an additional 34,201 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the fourth quarter valued at about $500,000. Arax Advisory Partners acquired a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the fourth quarter valued at about $337,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the first quarter valued at about $251,000.

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.