iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Trading at $28.45

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) shares dropped 0% during mid-day trading on Friday. The company traded as low as $28.40 and last traded at $28.45. Approximately 47,032 shares changed hands during trading, a decline of 30% from the average session volume of 67,410 shares. The stock had previously closed at $28.46.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Down 0.0%

The stock has a 50 day moving average of $28.80 and a 200 day moving average of $29.01. The company has a market capitalization of $213.38 million, a price-to-earnings ratio of 10.56 and a beta of 0.24.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF stock. Janney Montgomery Scott LLC bought a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,499 shares of the company’s stock, valued at approximately $251,000. Janney Montgomery Scott LLC owned about 0.11% of iShares High Yield Corporate Bond BuyWrite Strategy ETF as of its most recent SEC filing.

About iShares High Yield Corporate Bond BuyWrite Strategy ETF

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.