iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Short Interest Up 98.9% in August

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 58,885 shares, a growth of 98.9% from the August 15th total of 29,607 shares. Based on an average daily trading volume, of 52,705 shares, the short-interest ratio is currently 1.1 days. Currently, 0.9% of the shares of the company are sold short.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

Shares of NYSEARCA:HYGH traded up $0.04 during trading on Wednesday, reaching $86.32. 23,852 shares of the company’s stock traded hands, compared to its average volume of 63,060. iShares Interest Rate Hedged High Yield Bond ETF has a 12 month low of $84.78 and a 12 month high of $87.19. The company has a 50 day moving average of $86.49 and a 200-day moving average of $86.27. The stock has a market capitalization of $609.42 million, a P/E ratio of 10.74 and a beta of 0.27.

Hedge Funds Weigh In On iShares Interest Rate Hedged High Yield Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of HYGH. Integrated Wealth Concepts LLC acquired a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF during the 2nd quarter worth approximately $87,000. OxenFree Capital LLC acquired a new position in iShares Interest Rate Hedged High Yield Bond ETF during the 1st quarter valued at approximately $202,000. Diversify Wealth Management LLC acquired a new position in iShares Interest Rate Hedged High Yield Bond ETF during the 1st quarter valued at approximately $291,000. Global Retirement Partners LLC grew its stake in iShares Interest Rate Hedged High Yield Bond ETF by 11.3% during the 4th quarter. Global Retirement Partners LLC now owns 3,531 shares of the company’s stock worth $304,000 after buying an additional 358 shares during the last quarter. Finally, Trademark Financial Management LLC grew its stake in iShares Interest Rate Hedged High Yield Bond ETF by 40.1% during the 1st quarter. Trademark Financial Management LLC now owns 3,578 shares of the company’s stock worth $306,000 after buying an additional 1,025 shares during the last quarter.

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.