Short Interest in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Expands By 342.2%

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 190,634 shares, an increase of 342.2% from the February 26th total of 43,107 shares. Based on an average daily trading volume, of 111,148 shares, the short-interest ratio is presently 1.7 days. Approximately 3.7% of the shares of the stock are short sold.

iShares Interest Rate Hedged High Yield Bond ETF Trading Down 0.3%

HYGH stock traded down $0.26 during trading on Thursday, hitting $85.29. The company had a trading volume of 46,898 shares, compared to its average volume of 76,193. The company has a fifty day moving average price of $86.12 and a two-hundred day moving average price of $86.19. The company has a market cap of $443.51 million, a P/E ratio of 10.74 and a beta of 0.28. iShares Interest Rate Hedged High Yield Bond ETF has a fifty-two week low of $78.23 and a fifty-two week high of $87.19.

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

Several institutional investors and hedge funds have recently made changes to their positions in HYGH. Inspire Advisors LLC increased its position in iShares Interest Rate Hedged High Yield Bond ETF by 18.6% in the 3rd quarter. Inspire Advisors LLC now owns 60,225 shares of the company’s stock valued at $5,230,000 after acquiring an additional 9,438 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF during the third quarter worth approximately $922,000. Envestnet Asset Management Inc. grew its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 13.6% during the third quarter. Envestnet Asset Management Inc. now owns 60,512 shares of the company’s stock valued at $5,255,000 after purchasing an additional 7,222 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 26.1% in the second quarter. Osaic Holdings Inc. now owns 33,101 shares of the company’s stock valued at $2,861,000 after purchasing an additional 6,861 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF in the second quarter valued at approximately $270,000.

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.