iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Stock Short Interest Drops 43.2%

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 33,438 shares, a decrease of 43.2% from the August 31st total of 58,885 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 66,821 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in iShares Interest Rate Hedged High Yield Bond ETF by 17.5% during the second quarter. Envestnet Asset Management Inc. now owns 103,948 shares of the company’s stock worth $9,003,000 after acquiring an additional 15,486 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF during the second quarter valued at $87,000. Focus Financial Network Inc. increased its position in iShares Interest Rate Hedged High Yield Bond ETF by 13.2% during the 2nd 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 in the last quarter. Strait & Sound Wealth Management LLC grew 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 buying an additional 1,352 shares in the last quarter. Finally, Van Diest Capital LLC raised its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 123.4% in the first quarter. Van Diest Capital LLC now owns 5,428 shares of the company’s stock valued at $465,000 after buying an additional 2,998 shares during the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Stock Down 0.3%

NYSEARCA HYGH traded down $0.29 during mid-day trading on Thursday, hitting $85.34. The stock had a trading volume of 94,125 shares, compared to its average volume of 62,895. The company has a 50 day simple moving average of $86.44 and a 200 day simple moving average of $86.31. The company has a market cap of $652.85 million, a price-to-earnings ratio of 10.74 and a beta of 0.28. iShares Interest Rate Hedged High Yield Bond ETF has a 52-week low of $84.78 and a 52-week high of $87.19.

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.