iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Sees Significant Increase in Short Interest

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 71,352 shares, an increase of 256.0% from the January 29th total of 20,040 shares. Based on an average daily trading volume, of 71,683 shares, the short-interest ratio is currently 1.0 days. Approximately 1.4% of the company’s shares are short sold. Approximately 1.4% of the company’s shares are short sold. Based on an average daily trading volume, of 71,683 shares, the short-interest ratio is currently 1.0 days.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

NYSEARCA:HYGH traded down $0.39 during trading hours on Friday, reaching $85.74. 692,137 shares of the company were exchanged, compared to its average volume of 78,565. The firm has a market cap of $445.85 million, a price-to-earnings ratio of 10.74 and a beta of 0.28. The stock has a 50 day simple moving average of $86.48 and a 200 day simple moving average of $86.31. iShares Interest Rate Hedged High Yield Bond ETF has a 52-week low of $78.23 and a 52-week high of $87.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HYGH. Inspire Advisors LLC lifted its holdings 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 worth $5,230,000 after buying an additional 9,438 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 26.1% during the second quarter. Osaic Holdings Inc. now owns 33,101 shares of the company’s stock worth $2,861,000 after acquiring an additional 6,861 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 13.6% in the third quarter. Envestnet Asset Management Inc. now owns 60,512 shares of the company’s stock worth $5,255,000 after acquiring an additional 7,222 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF in the third quarter worth about $922,000. Finally, Golden State Wealth Management LLC purchased a new position in iShares Interest Rate Hedged High Yield Bond ETF in the second quarter valued at about $612,000.

iShares Interest Rate Hedged High Yield Bond ETF Company Profile

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.