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

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 51,946 shares, a decrease of 42.3% from the July 15th total of 90,090 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average trading volume of 62,989 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On iShares Interest Rate Hedged High Yield Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 67,808.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,942,942 shares of the company’s stock valued at $598,482,000 after buying an additional 6,932,718 shares during the last quarter. LPL Financial LLC boosted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 4.5% in the fourth quarter. LPL Financial LLC now owns 268,735 shares of the company’s stock worth $23,165,000 after buying an additional 11,505 shares during the last quarter. MinichMacGregor Wealth Management LLC boosted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 12.0% in the first quarter. MinichMacGregor Wealth Management LLC now owns 146,471 shares of the company’s stock worth $12,539,000 after buying an additional 15,723 shares during the last quarter. UBS Group AG grew its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 12.7% during the third quarter. UBS Group AG now owns 99,290 shares of the company’s stock worth $8,622,000 after acquiring an additional 11,226 shares during the period. Finally, AdvisorNet Financial Inc grew its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 1.9% during the first quarter. AdvisorNet Financial Inc now owns 77,514 shares of the company’s stock worth $6,636,000 after acquiring an additional 1,424 shares during the period.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

Shares of iShares Interest Rate Hedged High Yield Bond ETF stock opened at $86.57 on Monday. The firm has a fifty day moving average price of $86.48 and a 200 day moving average price of $86.25. iShares Interest Rate Hedged High Yield Bond ETF has a 1 year low of $84.78 and a 1 year high of $87.19. The stock has a market cap of $597.33 million, a PE ratio of 10.74 and a beta of 0.27.

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.