iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Short Interest Up 1,540.1% in July

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 243,242 shares, a growth of 1,540.1% from the July 15th total of 14,831 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average daily volume of 65,615 shares, the short-interest ratio is currently 3.7 days.

iShares BB Rated Corporate Bond ETF Stock Performance

Shares of NYSEARCA:HYBB traded up $0.02 on Tuesday, hitting $46.44. 17,267 shares of the company were exchanged, compared to its average volume of 97,437. The company’s 50 day moving average price is $46.56 and its two-hundred day moving average price is $46.75. The firm has a market capitalization of $427.25 million, a price-to-earnings ratio of 59.99 and a beta of 0.37. iShares BB Rated Corporate Bond ETF has a one year low of $45.92 and a one year high of $47.51.

Hedge Funds Weigh In On iShares BB Rated Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC raised its holdings in iShares BB Rated Corporate Bond ETF by 45.3% in the 4th quarter. CWM LLC now owns 892 shares of the company’s stock valued at $42,000 after acquiring an additional 278 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of iShares BB Rated Corporate Bond ETF by 661.3% during the 1st quarter. Royal Bank of Canada now owns 1,454 shares of the company’s stock worth $68,000 after purchasing an additional 1,263 shares in the last quarter. IFP Advisors Inc increased its position in shares of iShares BB Rated Corporate Bond ETF by 61.9% during the fourth quarter. IFP Advisors Inc now owns 2,101 shares of the company’s stock valued at $99,000 after purchasing an additional 803 shares during the period. Bank of America Corp DE increased its position in shares of iShares BB Rated Corporate Bond ETF by 12.2% during the second quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock valued at $159,000 after purchasing an additional 369 shares during the period. Finally, Osaic Holdings Inc. raised its stake in shares of iShares BB Rated Corporate Bond ETF by 12.4% in the fourth quarter. Osaic Holdings Inc. now owns 3,991 shares of the company’s stock valued at $188,000 after purchasing an additional 440 shares in the last quarter.

iShares BB Rated Corporate Bond ETF Company Profile

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.