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

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 10,585 shares, an increase of 444.8% from the May 14th total of 1,943 shares. Based on an average daily volume of 26,339 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 47.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 194,549 shares of the company’s stock worth $5,955,000 after acquiring an additional 62,234 shares during the period. RiverFront Investment Group LLC boosted its holdings in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 96.2% in the 4th quarter. RiverFront Investment Group LLC now owns 69,757 shares of the company’s stock worth $2,083,000 after acquiring an additional 34,201 shares during the period. Arkadios Wealth Advisors purchased a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF in the 4th quarter worth approximately $500,000. Arax Advisory Partners purchased a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF in the 4th quarter worth approximately $337,000. Finally, Janney Montgomery Scott LLC purchased a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF in the 1st quarter worth approximately $251,000.

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

Shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF stock opened at $28.92 on Wednesday. The company has a fifty day moving average price of $29.11 and a 200 day moving average price of $29.58. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a twelve month low of $28.83 and a twelve month high of $30.68. The stock has a market cap of $216.90 million, a price-to-earnings ratio of 10.56 and a beta of 0.24.

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.