Short Interest in iShares J.P. Morgan EM High Yield Bond ETF (BATS:EMHY) Declines By 51.0%

iShares J.P. Morgan EM High Yield Bond ETF (BATS:EMHY) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 54,079 shares, a drop of 51.0% from the June 30th total of 110,357 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 108,501 shares, the days-to-cover ratio is currently 0.5 days.

iShares J.P. Morgan EM High Yield Bond ETF Price Performance

Shares of iShares J.P. Morgan EM High Yield Bond ETF stock opened at $40.27 on Wednesday. The business’s 50 day simple moving average is $40.45 and its 200 day simple moving average is $40.34. iShares J.P. Morgan EM High Yield Bond ETF has a 52-week low of $38.86 and a 52-week high of $40.99.

Hedge Funds Weigh In On iShares J.P. Morgan EM High Yield Bond ETF

Hedge funds have recently made changes to their positions in the business. Ruggiero Investments Inc. acquired a new position in shares of iShares J.P. Morgan EM High Yield Bond ETF during the 4th quarter worth approximately $628,000. Bank of New York Mellon Corp raised its stake in shares of iShares J.P. Morgan EM High Yield Bond ETF by 92.7% during the 1st quarter. Bank of New York Mellon Corp now owns 19,118 shares of the company’s stock worth $753,000 after purchasing an additional 9,197 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of iShares J.P. Morgan EM High Yield Bond ETF by 20,692.9% in the 1st quarter. Jones Financial Companies Lllp now owns 5,822 shares of the company’s stock valued at $236,000 after buying an additional 5,794 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of iShares J.P. Morgan EM High Yield Bond ETF by 0.5% in the 4th quarter. Sound Income Strategies LLC now owns 1,007,306 shares of the company’s stock valued at $40,776,000 after buying an additional 4,697 shares during the last quarter. Finally, Strategic Investment Advisors MI acquired a new stake in shares of iShares J.P. Morgan EM High Yield Bond ETF in the 1st quarter valued at approximately $134,000.

About iShares J.P. Morgan EM High Yield Bond ETF

The iShares J.P. Morgan EM High Yield Bond ETF (EMHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index comprising USD denominated emerging markets high yield bonds. EMHY was launched on Apr 3, 2012 and is managed by BlackRock.