iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW – Get Free Report) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 82,479 shares, a growth of 261.8% from the September 15th total of 22,795 shares. Based on an average daily trading volume, of 32,828 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.1% of the company’s stock are short sold.
Hedge Funds Weigh In On iShares High Yield Corporate Bond BuyWrite Strategy ETF
A hedge fund recently bought a new stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF stock. Janney Montgomery Scott LLC bought a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,499 shares of the company’s stock, valued at approximately $251,000. Janney Montgomery Scott LLC owned 0.11% of iShares High Yield Corporate Bond BuyWrite Strategy ETF at the end of the most recent quarter.
iShares High Yield Corporate Bond BuyWrite Strategy ETF Trading Up 0.2%
Shares of HYGW stock traded up $0.05 during trading hours on Friday, hitting $28.05. 17,719 shares of the company were exchanged, compared to its average volume of 65,440. The business has a 50 day moving average of $28.64 and a two-hundred day moving average of $28.92. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a 52 week low of $27.85 and a 52 week high of $30.39. The company has a market capitalization of $210.38 million, a PE ratio of 10.56 and a beta of 0.24.
About iShares High Yield Corporate Bond BuyWrite Strategy ETF
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.
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