iShares J.P. Morgan EM High Yield Bond ETF (BATS:EMHY) Sees Significant Decline in Short Interest

iShares J.P. Morgan EM High Yield Bond ETF (BATS:EMHY) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 42,408 shares, a drop of 73.7% from the August 31st total of 161,318 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 93,955 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On iShares J.P. Morgan EM High Yield Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strategic Investment Advisors MI bought a new stake in iShares J.P. Morgan EM High Yield Bond ETF during the first quarter worth about $134,000. Arkadios Wealth Advisors increased its holdings in shares of iShares J.P. Morgan EM High Yield Bond ETF by 6.2% during the first quarter. Arkadios Wealth Advisors now owns 6,147 shares of the company’s stock worth $242,000 after buying an additional 358 shares in the last quarter. Ruggiero Investments Inc. bought a new position in shares of iShares J.P. Morgan EM High Yield Bond ETF in the fourth quarter valued at approximately $628,000. Finally, Bank of New York Mellon Corp raised its stake in shares of iShares J.P. Morgan EM High Yield Bond ETF by 92.7% in the first quarter. Bank of New York Mellon Corp now owns 19,118 shares of the company’s stock valued at $753,000 after acquiring an additional 9,197 shares during the last quarter.

iShares J.P. Morgan EM High Yield Bond ETF Stock Performance

Shares of BATS:EMHY opened at $39.26 on Friday. The company’s fifty day moving average is $40.08 and its 200-day moving average is $40.16. iShares J.P. Morgan EM High Yield Bond ETF has a 52 week low of $38.90 and a 52 week high of $40.99.

About iShares J.P. Morgan EM High Yield Bond ETF

The iShares J.P. Morgan EM High Yield Bond ETF (EMHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index comprising USD denominated emerging markets high yield bonds. EMHY was launched on Apr 3, 2012 and is managed by BlackRock.