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

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 20,040 shares, a decrease of 44.9% from the January 15th total of 36,369 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 40,944 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 40,944 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the company’s shares are short sold.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

HYGH stock traded up $0.11 on Friday, reaching $86.20. The company’s stock had a trading volume of 132,427 shares, compared to its average volume of 57,521. iShares Interest Rate Hedged High Yield Bond ETF has a 12-month low of $78.23 and a 12-month high of $87.49. The business has a fifty day simple moving average of $86.49 and a two-hundred day simple moving average of $86.30. The firm has a market cap of $448.24 million, a PE ratio of 10.74 and a beta of 0.28.

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

Several institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 67,808.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,942,942 shares of the company’s stock worth $598,482,000 after purchasing an additional 6,932,718 shares during the period. LPL Financial LLC increased its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 4.5% in the fourth quarter. LPL Financial LLC now owns 268,735 shares of the company’s stock worth $23,165,000 after purchasing an additional 11,505 shares during the last quarter. Matauro LLC increased its stake in iShares Interest Rate Hedged High Yield Bond ETF by 6.9% in the 3rd quarter. Matauro LLC now owns 121,327 shares of the company’s stock worth $10,536,000 after acquiring an additional 7,872 shares during the last quarter. UBS Group AG lifted its position in iShares Interest Rate Hedged High Yield Bond ETF by 12.7% during the third quarter. UBS Group AG now owns 99,290 shares of the company’s stock valued at $8,622,000 after purchasing an additional 11,226 shares during the last quarter. Finally, Rooted Wealth Advisors Inc. lifted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 3.1% in the 3rd quarter. Rooted Wealth Advisors Inc. now owns 97,064 shares of the company’s stock valued at $8,392,000 after purchasing an additional 2,905 shares during the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Company Profile

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.