iShares iBoxx $ High Yid Corp Bond (NYSE:HYG) saw a large decrease in short interest in the month of August. As of August 15th, there was short interest totalling 42,598,499 shares, a decrease of 12.2% from the July 31st total of 48,496,505 shares. Based on an average trading volume of 12,607,582 shares, the days-to-cover ratio is presently 3.4 days.

Several hedge funds have recently made changes to their positions in HYG. Navellier & Associates Inc increased its stake in shares of iShares iBoxx $ High Yid Corp Bond by 13.1% in the second quarter. Navellier & Associates Inc now owns 5,597 shares of the exchange traded fund’s stock worth $495,000 after buying an additional 649 shares in the last quarter. WFG Advisors LP increased its stake in shares of iShares iBoxx $ High Yid Corp Bond by 20.5% in the second quarter. WFG Advisors LP now owns 2,985 shares of the exchange traded fund’s stock worth $264,000 after buying an additional 507 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of iShares iBoxx $ High Yid Corp Bond by 8.2% in the second quarter. Toronto Dominion Bank now owns 102,000 shares of the exchange traded fund’s stock worth $9,016,000 after buying an additional 7,729 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of iShares iBoxx $ High Yid Corp Bond during the second quarter worth about $2,405,000. Finally, Strategic Wealth Advisors Group LLC purchased a new stake in shares of iShares iBoxx $ High Yid Corp Bond during the second quarter worth about $1,486,000.

Shares of iShares iBoxx $ High Yid Corp Bond (HYG) opened at 88.12 on Wednesday. iShares iBoxx $ High Yid Corp Bond has a one year low of $83.24 and a one year high of $89.04. The company’s 50-day moving average price is $88.21 and its 200 day moving average price is $87.89.

The company also recently declared a monthly dividend, which was paid on Monday, August 7th. Stockholders of record on Thursday, August 3rd were issued a dividend of $0.3677 per share. The ex-dividend date of this dividend was Tuesday, August 1st. This represents a $4.41 dividend on an annualized basis and a dividend yield of 5.01%.

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iShares iBoxx $ High Yid Corp Bond Company Profile

iShares iBoxx $ High Yield Corporate Bond ETF (the Fund), formerly iShares iBoxx $ High Yield Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the Index), which is a rules-based index consisting of liquid the United States dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider.

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