iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Stock Short Interest Rises 272.5%

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 5,949 shares, a growth of 272.5% from the September 30th total of 1,597 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 103,842 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. bought a new stake in shares of iShares BB Rated Corporate Bond ETF during the 3rd quarter valued at about $25,000. Hegarty Advisors LLC increased its position in shares of iShares BB Rated Corporate Bond ETF by 13.0% during the third quarter. Hegarty Advisors LLC now owns 12,322 shares of the company’s stock valued at $555,000 after buying an additional 1,413 shares during the period. Confluence Investment Management LLC bought a new position in iShares BB Rated Corporate Bond ETF in the third quarter worth about $3,828,000. Keeler Thomas Management LLC bought a new position in iShares BB Rated Corporate Bond ETF in the second quarter worth about $255,000. Finally, Public Employees Retirement System of Ohio purchased a new position in iShares BB Rated Corporate Bond ETF during the second quarter valued at $119,170,000.

iShares BB Rated Corporate Bond ETF Stock Up 0.0%

Shares of HYBB traded up $0.02 during mid-day trading on Wednesday, hitting $45.47. 20,618 shares of the company’s stock traded hands, compared to its average volume of 85,158. The firm has a market capitalization of $361.49 million, a P/E ratio of 59.99 and a beta of 0.38. The business’s 50-day moving average price is $45.70 and its 200-day moving average price is $46.50. iShares BB Rated Corporate Bond ETF has a 1 year low of $44.60 and a 1 year high of $47.48.

About iShares BB Rated Corporate Bond ETF

The iShares BB Rated Corporate Bond ETF (HYBB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that only includes bonds with a credit rating of BB. HYBB was launched on Oct 6, 2020 and is managed by BlackRock.