iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Stock Short Interest Rises 272.5%

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 5,949 shares, an increase of 272.5% from the September 30th total of 1,597 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 103,842 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in iShares BB Rated Corporate Bond ETF during the 2nd quarter valued at $119,170,000. Confluence Investment Management LLC bought a new stake in iShares BB Rated Corporate Bond ETF in the 3rd quarter worth $3,828,000. Valmark Advisers Inc. increased its position in shares of iShares BB Rated Corporate Bond ETF by 5.2% in the first quarter. Valmark Advisers Inc. now owns 1,531,588 shares of the company’s stock valued at $71,204,000 after acquiring an additional 75,445 shares during the period. Bank of America Corp DE increased its position in shares of iShares BB Rated Corporate Bond ETF by 77.0% in the first quarter. Bank of America Corp DE now owns 34,887 shares of the company’s stock valued at $1,622,000 after acquiring an additional 15,174 shares during the period. Finally, Fifth Third Bancorp purchased a new position in shares of iShares BB Rated Corporate Bond ETF in the first quarter valued at about $558,000.

iShares BB Rated Corporate Bond ETF Stock Performance

HYBB stock traded up $0.02 during trading on Wednesday, hitting $45.47. 20,618 shares of the company traded hands, compared to its average volume of 85,158. The firm has a market capitalization of $361.49 million, a PE ratio of 59.99 and a beta of 0.38. iShares BB Rated Corporate Bond ETF has a 1 year low of $44.60 and a 1 year high of $47.48. The company has a 50-day moving average of $45.70 and a 200-day moving average of $46.50.

iShares BB Rated Corporate Bond ETF Company Profile

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.