iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Trading 0% Higher – Here’s Why

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) shares rose 0% during trading on Friday . The stock traded as high as $28.78 and last traded at $28.78. 13,602 shares traded hands during trading, a decline of 81% from the average daily volume of 70,396 shares. The stock had previously closed at $28.77.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Trading Up 0.0%

The firm has a market cap of $215.85 million, a P/E ratio of 10.56 and a beta of 0.24. The business has a 50-day moving average price of $28.93 and a 200-day moving average price of $29.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HYGW. JPMorgan Chase & Co. raised its holdings in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 47.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 194,549 shares of the company’s stock valued at $5,955,000 after purchasing an additional 62,234 shares in the last quarter. RiverFront Investment Group LLC increased its holdings in 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 valued at $2,083,000 after buying an additional 34,201 shares during the period. Arkadios Wealth Advisors purchased a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF during the fourth quarter valued at approximately $500,000. Arax Advisory Partners bought a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF in the fourth quarter worth approximately $337,000. Finally, Janney Montgomery Scott LLC purchased a new stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF during 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.