Short Interest in iShares ESG Advanced High Yield Corporate Bond ETF (NASDAQ:HYXF) Drops By 39.8%

iShares ESG Advanced High Yield Corporate Bond ETF (NASDAQ:HYXF) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 8,475 shares, a drop of 39.8% from the August 15th total of 14,079 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 9,266 shares, the short-interest ratio is presently 0.9 days.

iShares ESG Advanced High Yield Corporate Bond ETF Trading Up 0.3%

Shares of HYXF stock traded up $0.12 on Wednesday, reaching $45.90. 4,099 shares of the stock were exchanged, compared to its average volume of 18,858. iShares ESG Advanced High Yield Corporate Bond ETF has a one year low of $45.70 and a one year high of $47.62. The stock has a 50 day moving average price of $46.37 and a 200 day moving average price of $46.51.

iShares ESG Advanced High Yield Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.2322 per share. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HYXF. Bank of New York Mellon Corp acquired a new position in shares of iShares ESG Advanced High Yield Corporate Bond ETF in the 1st quarter valued at $626,000. iA Global Asset Management Inc. grew its stake in shares of iShares ESG Advanced High Yield Corporate Bond ETF by 31.3% during the fourth quarter. iA Global Asset Management Inc. now owns 29,350 shares of the company’s stock worth $1,387,000 after purchasing an additional 7,000 shares during the period. FinArc Investments Inc. bought a new stake in iShares ESG Advanced High Yield Corporate Bond ETF in the first quarter valued at about $292,000. Heartland Bank & Trust Co bought a new stake in iShares ESG Advanced High Yield Corporate Bond ETF in the first quarter valued at about $258,000. Finally, Continuum Advisory LLC bought a new stake in iShares ESG Advanced High Yield Corporate Bond ETF in the second quarter valued at about $126,000.

About iShares ESG Advanced High Yield Corporate Bond ETF

The iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index of high yield, USD-denominated corporate bonds screened for positive ESG ratings. HYXF was launched on Jun 14, 2016 and is managed by BlackRock.