iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Short Interest Down 39.6% in February

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 43,107 shares, a decrease of 39.6% from the February 12th total of 71,352 shares. Based on an average trading volume of 148,798 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.8% of the company’s stock are short sold. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 148,798 shares, the days-to-cover ratio is presently 0.3 days.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

HYGH stock traded down $0.27 during trading on Friday, reaching $84.90. The company had a trading volume of 30,148 shares, compared to its average volume of 85,213. The firm has a 50-day simple moving average of $86.34 and a 200-day simple moving average of $86.25. The company has a market cap of $441.48 million, a price-to-earnings ratio of 10.74 and a beta of 0.28. iShares Interest Rate Hedged High Yield Bond ETF has a twelve month low of $78.23 and a twelve month high of $87.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HYGH. AXS Investments LLC grew its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 0.7% during the fourth quarter. AXS Investments LLC now owns 18,296 shares of the company’s stock valued at $1,577,000 after buying an additional 121 shares during the last quarter. Apella Capital LLC raised its stake in iShares Interest Rate Hedged High Yield Bond ETF by 0.6% in the 4th quarter. Apella Capital LLC now owns 20,130 shares of the company’s stock worth $1,735,000 after acquiring an additional 128 shares during the last quarter. Brookstone Capital Management raised its stake in iShares Interest Rate Hedged High Yield Bond ETF by 3.2% in the 4th quarter. Brookstone Capital Management now owns 5,590 shares of the company’s stock worth $482,000 after acquiring an additional 174 shares during the last quarter. Diversify Advisory Services LLC lifted its position in iShares Interest Rate Hedged High Yield Bond ETF by 9.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 3,452 shares of the company’s stock worth $298,000 after acquiring an additional 301 shares during the period. Finally, Meridian Wealth Management LLC lifted its position in iShares Interest Rate Hedged High Yield Bond ETF by 12.3% during the 2nd quarter. Meridian Wealth Management LLC now owns 2,869 shares of the company’s stock worth $248,000 after acquiring an additional 314 shares during the period.

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.