Short Interest in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Drops By 66.5%

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 14,975 shares, a decline of 66.5% from the December 15th total of 44,731 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 48,220 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 48,220 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares Interest Rate Hedged High Yield Bond ETF

Hedge funds have recently bought and sold shares of the company. Focus Financial Network Inc. lifted its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 4.1% in the fourth quarter. Focus Financial Network Inc. now owns 30,627 shares of the company’s stock valued at $2,640,000 after purchasing an additional 1,200 shares in the last quarter. IFP Advisors Inc raised its position in iShares Interest Rate Hedged High Yield Bond ETF by 9.2% in the 3rd quarter. IFP Advisors Inc now owns 9,314 shares of the company’s stock valued at $809,000 after buying an additional 787 shares during the last quarter. Capital Square LLC bought a new stake in iShares Interest Rate Hedged High Yield Bond ETF in the 3rd quarter valued at approximately $225,000. Sunbelt Securities Inc. boosted its position in iShares Interest Rate Hedged High Yield Bond ETF by 1,069.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,795 shares of the company’s stock worth $243,000 after acquiring an additional 2,556 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in iShares Interest Rate Hedged High Yield Bond ETF during the 3rd quarter worth approximately $58,000.

iShares Interest Rate Hedged High Yield Bond ETF Trading Up 0.0%

iShares Interest Rate Hedged High Yield Bond ETF stock opened at $86.60 on Tuesday. The firm has a market capitalization of $441.66 million, a P/E ratio of 10.74 and a beta of 0.28. The business has a 50-day moving average of $86.13 and a 200-day moving average of $86.24. iShares Interest Rate Hedged High Yield Bond ETF has a 1 year low of $78.23 and a 1 year high of $87.69.

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.