iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Short Interest Up 642.4% in June

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 29,986 shares, an increase of 642.4% from the June 15th total of 4,039 shares. Based on an average daily trading volume, of 28,823 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.4% of the company’s stock are sold short.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Performance

Shares of BATS:HYGW opened at $28.97 on Friday. The company has a market cap of $217.28 million, a P/E ratio of 10.56 and a beta of 0.24. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a one year low of $28.83 and a one year high of $30.46. The business’s 50-day simple moving average is $29.01 and its 200 day simple moving average is $29.42.

Institutional Trading of iShares High Yield Corporate Bond BuyWrite Strategy ETF

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

iShares High Yield Corporate Bond BuyWrite Strategy ETF Company Profile

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.