iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Short Interest Update

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 14,831 shares, a decline of 89.1% from the June 30th total of 136,217 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 13,448 shares, the short-interest ratio is currently 1.1 days.

iShares BB Rated Corporate Bond ETF Trading Down 0.0%

Shares of HYBB traded down $0.01 during mid-day trading on Friday, reaching $46.32. The company had a trading volume of 8,724 shares, compared to its average volume of 80,281. The stock has a market cap of $409.93 million, a price-to-earnings ratio of 59.99 and a beta of 0.37. The firm has a fifty day simple moving average of $46.61 and a 200-day simple moving average of $46.82. iShares BB Rated Corporate Bond ETF has a fifty-two week low of $45.92 and a fifty-two week high of $47.51.

Hedge Funds Weigh In On iShares BB Rated Corporate Bond ETF

A number of large investors have recently modified their holdings of the company. CWM LLC lifted its stake in shares of iShares BB Rated Corporate Bond ETF by 45.3% in the fourth quarter. CWM LLC now owns 892 shares of the company’s stock worth $42,000 after acquiring an additional 278 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of iShares BB Rated Corporate Bond ETF by 29.8% during the 3rd quarter. IFP Advisors Inc now owns 1,298 shares of the company’s stock valued at $61,000 after buying an additional 298 shares during the last quarter. Zuckerman Investment Group LLC grew its position in shares of iShares BB Rated Corporate Bond ETF by 1.8% during the fourth quarter. Zuckerman Investment Group LLC now owns 17,153 shares of the company’s stock worth $808,000 after buying an additional 298 shares in the last quarter. Bank of America Corp DE increased its stake in shares of iShares BB Rated Corporate Bond ETF by 12.2% in the second quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock worth $159,000 after buying an additional 369 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in iShares BB Rated Corporate Bond ETF by 3.9% in the third quarter. Raymond James Financial Inc. now owns 11,406 shares of the company’s stock valued at $540,000 after acquiring an additional 429 shares in the last quarter.

About iShares BB Rated Corporate Bond ETF

The iShares BB Rated Corporate Bond ETF (HYBB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that only includes bonds with a credit rating of BB. HYBB was launched on Oct 6, 2020 and is managed by BlackRock.