Short Interest in iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Expands By 182.8%

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 7,604 shares, an increase of 182.8% from the July 15th total of 2,689 shares. Based on an average trading volume of 15,676 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Performance

HYGW stock opened at $28.98 on Friday. The firm has a 50-day moving average price of $28.95 and a 200-day moving average price of $29.25. The stock has a market capitalization of $217.35 million, a P/E ratio of 10.56 and a beta of 0.24. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a 12 month low of $28.79 and a 12 month high of $30.46.

Hedge Funds Weigh In On iShares High Yield Corporate Bond BuyWrite Strategy ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 47.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 194,549 shares of the company’s stock worth $5,955,000 after acquiring an additional 62,234 shares during the last quarter. RiverFront Investment Group LLC lifted its holdings 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 worth $2,083,000 after purchasing an additional 34,201 shares during the period. Arkadios Wealth Advisors acquired a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the fourth quarter worth $500,000. Arax Advisory Partners acquired a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the fourth quarter worth $337,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the first quarter worth $251,000.

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.