iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Short Interest Update

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 14,831 shares, a decrease of 89.1% from the June 30th total of 136,217 shares. Based on an average trading volume of 13,448 shares, the short-interest ratio is presently 1.1 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of iShares BB Rated Corporate Bond ETF

Several hedge funds have recently made changes to their positions in the company. Fiduciary Financial Group LLC lifted its position in shares of iShares BB Rated Corporate Bond ETF by 7.0% during the 2nd quarter. Fiduciary Financial Group LLC now owns 11,124 shares of the company’s stock valued at $520,000 after acquiring an additional 724 shares during the period. Bank of America Corp DE raised its holdings in iShares BB Rated Corporate Bond ETF by 77.0% during the first quarter. Bank of America Corp DE now owns 34,887 shares of the company’s stock worth $1,622,000 after purchasing an additional 15,174 shares during the last quarter. IFS Group LLC purchased a new stake in iShares BB Rated Corporate Bond ETF during the first quarter worth $207,000. Royal Bank of Canada increased its position in shares of iShares BB Rated Corporate Bond ETF by 661.3% in the first quarter. Royal Bank of Canada now owns 1,454 shares of the company’s stock valued at $68,000 after buying an additional 1,263 shares in the last quarter. Finally, Valmark Advisers Inc. raised its stake in shares of iShares BB Rated Corporate Bond ETF by 5.2% during the 1st quarter. Valmark Advisers Inc. now owns 1,531,588 shares of the company’s stock worth $71,204,000 after buying an additional 75,445 shares during the last quarter.

iShares BB Rated Corporate Bond ETF Trading Down 0.0%

NYSEARCA HYBB traded down $0.01 during trading hours on Friday, reaching $46.32. The company had a trading volume of 8,724 shares, compared to its average volume of 80,281. The stock has a market capitalization of $409.93 million, a P/E ratio of 59.99 and a beta of 0.37. iShares BB Rated Corporate Bond ETF has a 1-year low of $45.92 and a 1-year high of $47.51. The stock has a 50-day moving average of $46.61 and a 200 day moving average of $46.82.

iShares BB Rated Corporate Bond ETF Company Profile

The iShares BB Rated Corporate Bond ETF (HYBB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that only includes bonds with a credit rating of BB. HYBB was launched on Oct 6, 2020 and is managed by BlackRock.