iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Sees Large Decrease in Short Interest

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,943 shares, a decrease of 60.9% from the April 30th total of 4,967 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 41,363 shares, the days-to-cover ratio is currently 0.0 days.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Trading Up 0.2%

iShares High Yield Corporate Bond BuyWrite Strategy ETF stock opened at $29.19 on Friday. The stock has a market cap of $218.93 million, a P/E ratio of 10.56 and a beta of 0.24. The stock has a 50 day moving average of $29.17 and a 200-day moving average of $29.63. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a 52 week low of $28.84 and a 52 week high of $30.75.

Hedge Funds Weigh In On iShares High Yield Corporate Bond BuyWrite Strategy ETF

Several institutional investors and hedge funds have recently made changes to their positions in HYGW. JPMorgan Chase & Co. boosted its stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 47.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 194,549 shares of the company’s stock valued at $5,955,000 after buying an additional 62,234 shares during the last quarter. Private Trust Co. NA raised its position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% during the 4th quarter. Private Trust Co. NA now owns 2,104 shares of the company’s stock valued at $63,000 after acquiring an additional 657 shares in the last quarter. RiverFront Investment Group LLC raised its position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 96.2% during the 4th quarter. RiverFront Investment Group LLC now owns 69,757 shares of the company’s stock valued at $2,083,000 after acquiring an additional 34,201 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 4th quarter valued at approximately $500,000. Finally, Arax Advisory Partners acquired a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 4th quarter valued at approximately $337,000.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Company Profile

The iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) is an exchange-traded fund that is based on the Cboe HYG BuyWrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares High Yield Corporate Bond ETF and writing one-month call options against the shares. HYGW was launched on Aug 18, 2022 and is managed by BlackRock.