Short Interest in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Increases By 142.9%

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 36,369 shares, an increase of 142.9% from the December 31st total of 14,975 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 60,078 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 60,078 shares, the short-interest ratio is presently 0.6 days. Currently, 0.7% of the company’s stock are short sold.

Institutional Trading of iShares Interest Rate Hedged High Yield Bond ETF

Large investors have recently made changes to their positions in the company. Sigma Planning Corp acquired a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF in the 4th quarter valued at $221,000. Strategic Blueprint LLC acquired a new stake in iShares Interest Rate Hedged High Yield Bond ETF in the fourth quarter valued at $212,000. Live Oak Investment Partners purchased a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the 4th quarter worth about $3,433,000. Trademark Financial Management LLC acquired a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF during the 4th quarter worth about $220,000. Finally, Nations Financial Group Inc. IA ADV boosted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 66.8% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 24,054 shares of the company’s stock worth $2,074,000 after acquiring an additional 9,637 shares in the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

Shares of NYSEARCA HYGH traded down $0.12 during mid-day trading on Friday, hitting $86.74. The company had a trading volume of 33,796 shares, compared to its average volume of 50,470. The company has a market capitalization of $442.37 million, a PE ratio of 10.74 and a beta of 0.28. The business’s 50-day simple moving average is $86.43 and its 200 day simple moving average is $86.30. iShares Interest Rate Hedged High Yield Bond ETF has a 1-year low of $78.23 and a 1-year high of $87.56.

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.