iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Short Interest Update

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 51,946 shares, a drop of 42.3% from the July 15th total of 90,090 shares. Based on an average daily volume of 62,989 shares, the short-interest ratio is presently 0.8 days. Currently, 0.8% of the company’s stock are sold short.

iShares Interest Rate Hedged High Yield Bond ETF Trading Up 0.1%

iShares Interest Rate Hedged High Yield Bond ETF stock traded up $0.07 during midday trading on Wednesday, hitting $86.56. The stock had a trading volume of 38,039 shares, compared to its average volume of 63,445. The stock has a market cap of $597.26 million, a P/E ratio of 10.74 and a beta of 0.27. iShares Interest Rate Hedged High Yield Bond ETF has a 12 month low of $84.78 and a 12 month high of $87.19. The business has a fifty day moving average price of $86.48 and a 200 day moving average price of $86.25.

Hedge Funds Weigh In On iShares Interest Rate Hedged High Yield Bond ETF

Several large investors have recently added to or reduced their stakes in the company. Focus Financial Network Inc. boosted its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 13.2% in the second quarter. Focus Financial Network Inc. now owns 36,996 shares of the company’s stock worth $3,204,000 after purchasing an additional 4,301 shares during the period. Strait & Sound Wealth Management LLC raised its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 9.4% during the first quarter. Strait & Sound Wealth Management LLC now owns 15,768 shares of the company’s stock worth $1,350,000 after purchasing an additional 1,352 shares during the period. Van Diest Capital LLC lifted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 123.4% in the 1st quarter. Van Diest Capital LLC now owns 5,428 shares of the company’s stock worth $465,000 after buying an additional 2,998 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 6.3% in the 1st quarter. Cetera Investment Advisers now owns 18,914 shares of the company’s stock worth $1,619,000 after buying an additional 1,121 shares during the last quarter. Finally, AXS Investments LLC boosted its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 55.2% in the 1st quarter. AXS Investments LLC now owns 28,387 shares of the company’s stock valued at $2,430,000 after buying an additional 10,091 shares during the period.

About iShares Interest Rate Hedged High Yield Bond ETF

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.