iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Sees Large Growth in Short Interest

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 190,634 shares, a growth of 342.2% from the February 26th total of 43,107 shares. Currently, 3.7% of the shares of the company are short sold. Based on an average daily trading volume, of 111,148 shares, the days-to-cover ratio is presently 1.7 days.

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

Shares of HYGH stock opened at $85.29 on Friday. iShares Interest Rate Hedged High Yield Bond ETF has a 12 month low of $78.23 and a 12 month high of $87.19. The stock has a market cap of $443.51 million, a P/E ratio of 10.74 and a beta of 0.28. The company has a 50 day simple moving average of $86.12 and a two-hundred day simple moving average of $86.19.

Institutional Investors Weigh In On iShares Interest Rate Hedged High Yield Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new position in iShares Interest Rate Hedged High Yield Bond ETF during the third quarter valued at $34,000. Advisory Services Network LLC purchased a new stake in iShares Interest Rate Hedged High Yield Bond ETF in the third quarter worth about $58,000. Chilton Capital Management LLC bought a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF in the third quarter worth about $112,000. Anfield Capital Management LLC raised its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 39.1% in the fourth quarter. Anfield Capital Management LLC now owns 1,971 shares of the company’s stock worth $170,000 after buying an additional 554 shares during the period. Finally, Van Diest Capital LLC purchased a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF during the 4th quarter valued at about $210,000.

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.