iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Stock Short Interest Drops 86.5%

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 1,597 shares, a decrease of 86.5% from the September 15th total of 11,848 shares. Based on an average trading volume of 21,036 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares BB Rated Corporate Bond ETF

A number of hedge funds have recently bought and sold shares of HYBB. Confluence Investment Management LLC bought a new stake in shares of iShares BB Rated Corporate Bond ETF in the 3rd quarter valued at approximately $3,828,000. Keeler Thomas Management LLC acquired a new stake in shares of iShares BB Rated Corporate Bond ETF during the 2nd quarter valued at approximately $255,000. Public Employees Retirement System of Ohio bought a new position in iShares BB Rated Corporate Bond ETF during the second quarter worth $119,170,000. Fiduciary Financial Group LLC lifted its stake in iShares BB Rated Corporate Bond ETF by 7.0% during the second quarter. Fiduciary Financial Group LLC now owns 11,124 shares of the company’s stock worth $520,000 after purchasing an additional 724 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in iShares BB Rated Corporate Bond ETF by 77.0% during the first quarter. Bank of America Corp DE now owns 34,887 shares of the company’s stock worth $1,622,000 after purchasing an additional 15,174 shares during the last quarter.

iShares BB Rated Corporate Bond ETF Stock Up 0.0%

Shares of HYBB traded up $0.01 during midday trading on Monday, hitting $45.17. The company had a trading volume of 27,708 shares, compared to its average volume of 84,685. The company’s 50 day moving average price is $46.02 and its 200 day moving average price is $46.41. The stock has a market cap of $336.52 million, a price-to-earnings ratio of 59.99 and a beta of 0.38. iShares BB Rated Corporate Bond ETF has a 52 week low of $44.60 and a 52 week high of $47.51.

About iShares BB Rated Corporate Bond ETF

The iShares BB Rated Corporate Bond ETF (HYBB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that only includes bonds with a credit rating of BB. HYBB was launched on Oct 6, 2020 and is managed by BlackRock.