iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Sees Large Increase in Short Interest

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 36,369 shares, an increase of 142.9% from the December 31st total of 14,975 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 60,078 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 60,078 shares, the short-interest ratio is presently 0.6 days. Approximately 0.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Matauro LLC raised its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 6.9% in the third quarter. Matauro LLC now owns 121,327 shares of the company’s stock worth $10,536,000 after acquiring an additional 7,872 shares during the last quarter. UBS Group AG boosted its position in iShares Interest Rate Hedged High Yield Bond ETF by 12.7% in the 3rd quarter. UBS Group AG now owns 99,290 shares of the company’s stock valued at $8,622,000 after buying an additional 11,226 shares during the last quarter. Rooted Wealth Advisors Inc. increased its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 3.1% in the 3rd quarter. Rooted Wealth Advisors Inc. now owns 97,064 shares of the company’s stock valued at $8,392,000 after buying an additional 2,905 shares during the period. Kovack Advisors Inc. raised its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 7.0% during the third quarter. Kovack Advisors Inc. now owns 92,924 shares of the company’s stock worth $8,070,000 after acquiring an additional 6,106 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its position in iShares Interest Rate Hedged High Yield Bond ETF by 42.8% in the fourth quarter. AdvisorNet Financial Inc now owns 76,090 shares of the company’s stock worth $6,559,000 after purchasing an additional 22,809 shares during the period.

iShares Interest Rate Hedged High Yield Bond ETF Trading Down 0.1%

NYSEARCA HYGH traded down $0.12 during trading hours on Friday, reaching $86.74. 33,796 shares of the company’s stock were exchanged, compared to its average volume of 50,470. The firm has a fifty day moving average of $86.43 and a 200-day moving average of $86.30. iShares Interest Rate Hedged High Yield Bond ETF has a one year low of $78.23 and a one year high of $87.56. The stock has a market cap of $442.37 million, a PE ratio of 10.74 and a beta of 0.28.

About iShares Interest Rate Hedged High Yield Bond ETF

The iShares Interest Rate Hedged High Yield Bond ETF (HYGH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index that holds the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) that targets USD-denominated corporate high-yield bonds while mitigating interest-rate risk. HYGH was launched on May 27, 2014 and is managed by BlackRock.