Short Interest in iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Declines By 91.0%

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,689 shares, a decline of 91.0% from the June 30th total of 29,986 shares. Based on an average trading volume of 38,546 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Trading of iShares High Yield Corporate Bond BuyWrite Strategy ETF

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

iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Performance

Shares of BATS HYGW opened at $28.82 on Friday. The firm has a 50 day moving average price of $28.99 and a two-hundred day moving average price of $29.36. The stock has a market cap of $216.15 million, a P/E ratio of 10.56 and a beta of 0.24. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a 52-week low of $28.80 and a 52-week high of $30.46.

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.