iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Short Interest Update

by · The Markets Daily

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW – Get Free Report) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 4,039 shares, a decline of 61.8% from the May 31st total of 10,585 shares. Based on an average trading volume of 25,346 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Price Performance

iShares High Yield Corporate Bond BuyWrite Strategy ETF stock opened at $29.11 on Tuesday. The stock’s 50-day moving average is $29.06 and its 200-day moving average is $29.48. The company has a market cap of $218.32 million, a price-to-earnings ratio of 10.56 and a beta of 0.24. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a 12 month low of $28.83 and a 12 month high of $30.68.

Institutional Investors Weigh In On iShares High Yield Corporate Bond BuyWrite Strategy ETF

Hedge funds have recently modified their holdings of the stock. RiverFront Investment Group LLC raised its stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 96.2% during the fourth quarter. RiverFront Investment Group LLC now owns 69,757 shares of the company’s stock valued at $2,083,000 after purchasing an additional 34,201 shares during the period. Arkadios Wealth Advisors purchased a new stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 4th quarter worth approximately $500,000. Arax Advisory Partners acquired a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the 4th quarter valued at approximately $337,000. Private Trust Co. NA boosted its stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% during the 4th quarter. Private Trust Co. NA now owns 2,104 shares of the company’s stock valued at $63,000 after buying an additional 657 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 1st quarter valued at approximately $251,000.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Company Profile

(Get Free Report)

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.

Recommended Stories