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) saw a significant decrease in short interest in 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 company’s stock are short sold. Based on an average daily trading volume, of 62,989 shares, the short-interest ratio is currently 0.8 days.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

Shares of NYSEARCA HYGH opened at $86.57 on Monday. The stock has a market capitalization of $597.33 million, a PE ratio of 10.74 and a beta of 0.27. The stock’s fifty day simple moving average is $86.48 and its two-hundred day simple moving average is $86.25. iShares Interest Rate Hedged High Yield Bond ETF has a 12-month low of $84.78 and a 12-month high of $87.19.

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

Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 67,808.3% during the fourth 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 lifted its position in iShares Interest Rate Hedged High Yield Bond ETF by 4.5% during the fourth quarter. LPL Financial LLC now owns 268,735 shares of the company’s stock valued at $23,165,000 after acquiring an additional 11,505 shares during the last quarter. MinichMacGregor Wealth Management LLC boosted its stake in 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 valued at $12,539,000 after acquiring an additional 15,723 shares in the last quarter. UBS Group AG increased its position in shares of 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 purchasing an additional 11,226 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 1.9% during the 1st quarter. AdvisorNet Financial Inc now owns 77,514 shares of the company’s stock valued at $6,636,000 after purchasing an additional 1,424 shares during the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Company Profile

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.