iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Sees Significant Decrease in Short Interest

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 29,607 shares, a decline of 43.0% from the July 30th total of 51,946 shares. Based on an average daily volume of 52,770 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares Interest Rate Hedged High Yield Bond ETF

Several large investors have recently added to or reduced their stakes in HYGH. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 67,808.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,942,942 shares of the company’s stock valued at $598,482,000 after purchasing an additional 6,932,718 shares in the last quarter. Sigma Planning Corp raised its position in iShares Interest Rate Hedged High Yield Bond ETF by 407.2% in the 1st quarter. Sigma Planning Corp now owns 13,014 shares of the company’s stock valued at $1,114,000 after buying an additional 10,448 shares during the last quarter. AXS Investments LLC raised its position in iShares Interest Rate Hedged High Yield Bond ETF by 55.2% in the 1st quarter. AXS Investments LLC now owns 28,387 shares of the company’s stock valued at $2,430,000 after buying an additional 10,091 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 31.9% during the first quarter. Nations Financial Group Inc. IA ADV now owns 31,720 shares of the company’s stock valued at $2,716,000 after purchasing an additional 7,666 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC lifted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 12.0% during the 1st quarter. MinichMacGregor Wealth Management LLC now owns 146,471 shares of the company’s stock worth $12,539,000 after buying an additional 15,723 shares in the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

Shares of NYSEARCA HYGH traded up $0.02 during trading on Friday, hitting $86.88. 33,892 shares of the company traded hands, compared to its average volume of 62,992. The business’s fifty day moving average is $86.50 and its 200 day moving average is $86.25. iShares Interest Rate Hedged High Yield Bond ETF has a fifty-two week low of $84.78 and a fifty-two week high of $87.19. The firm has a market capitalization of $599.47 million, a price-to-earnings ratio of 10.74 and a beta of 0.27.

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.