iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Sees Large Volume Increase – Should You Buy?

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) shares saw unusually-high trading volume on Friday . Approximately 85,212 shares traded hands during trading, an increase of 34% from the previous session’s volume of 63,483 shares.The stock last traded at $86.48 and had previously closed at $86.41.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

The firm has a market capitalization of $596.16 million, a PE ratio of 10.74 and a beta of 0.27. The firm has a fifty day moving average price of $86.51 and a 200 day moving average price of $86.26.

Hedge Funds Weigh In On iShares Interest Rate Hedged High Yield Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 67,808.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,942,942 shares of the company’s stock valued at $598,482,000 after buying an additional 6,932,718 shares in the last quarter. Jane Street Group LLC lifted its stake in iShares Interest Rate Hedged High Yield Bond ETF by 291.4% in the 1st quarter. Jane Street Group LLC now owns 44,532 shares of the company’s stock worth $3,794,000 after acquiring an additional 33,154 shares in the last quarter. MinichMacGregor Wealth Management LLC boosted its position in iShares Interest Rate Hedged High Yield Bond ETF by 12.0% during the 1st quarter. MinichMacGregor Wealth Management LLC now owns 146,471 shares of the company’s stock worth $12,539,000 after acquiring an additional 15,723 shares during the period. LPL Financial LLC boosted its position in iShares Interest Rate Hedged High Yield Bond ETF by 4.5% during the 4th quarter. LPL Financial LLC now owns 268,735 shares of the company’s stock worth $23,165,000 after acquiring an additional 11,505 shares during the period. Finally, Osaic Holdings Inc. grew its stake in iShares Interest Rate Hedged High Yield Bond ETF by 31.0% during the 4th quarter. Osaic Holdings Inc. now owns 48,421 shares of the company’s stock valued at $4,176,000 after acquiring an additional 11,457 shares in the last quarter.

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.