iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Shares Shorted: Short Interest Down 84.9% in September

by · The Cerbat Gem

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB – Get Free Report) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 11,848 shares, a drop of 84.9% from the August 31st total of 78,259 shares. Based on an average trading volume of 14,399 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On iShares BB Rated Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new stake in shares of iShares BB Rated Corporate Bond ETF in the 2nd quarter worth $119,170,000. Valmark Advisers Inc. lifted its holdings in iShares BB Rated Corporate Bond ETF by 5.2% during the first quarter. Valmark Advisers Inc. now owns 1,531,588 shares of the company’s stock worth $71,204,000 after acquiring an additional 75,445 shares during the period. Bank of America Corp DE lifted its holdings in iShares BB Rated Corporate Bond ETF by 77.0% during the first quarter. Bank of America Corp DE now owns 34,887 shares of the company’s stock worth $1,622,000 after acquiring an additional 15,174 shares during the period. Fifth Third Bancorp purchased a new stake in shares of iShares BB Rated Corporate Bond ETF during the 1st quarter valued at $558,000. Finally, Arrowroot Family Office LLC raised its stake in shares of iShares BB Rated Corporate Bond ETF by 37.8% during the 4th quarter. Arrowroot Family Office LLC now owns 22,758 shares of the company’s stock worth $1,073,000 after purchasing an additional 6,243 shares during the period.

iShares BB Rated Corporate Bond ETF Stock Performance

HYBB traded up $0.03 during midday trading on Friday, reaching $45.47. 23,840 shares of the company were exchanged, compared to its average volume of 83,747. The company’s fifty day moving average price is $46.30 and its 200 day moving average price is $46.51. The company has a market cap of $304.65 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 $45.22 and a one year high of $47.51.

About iShares BB Rated Corporate Bond ETF

(Get Free Report)

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.

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