iShares US & Intl High Yield Corp Bond ETF (BATS:GHYG) Sees Significant Drop in Short Interest

iShares US & Intl High Yield Corp Bond ETF (BATS:GHYG) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 7,015 shares, a drop of 60.8% from the August 15th total of 17,880 shares. Based on an average daily volume of 13,200 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares US & Intl High Yield Corp Bond ETF

A number of institutional investors have recently added to or reduced their stakes in GHYG. Jones Financial Companies Lllp grew its holdings in iShares US & Intl High Yield Corp Bond ETF by 18,748.0% during the 1st quarter. Jones Financial Companies Lllp now owns 9,424 shares of the company’s stock worth $420,000 after acquiring an additional 9,374 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares US & Intl High Yield Corp Bond ETF by 11.2% during the third quarter. Ameriprise Financial Inc. now owns 556,153 shares of the company’s stock valued at $25,878,000 after acquiring an additional 56,213 shares during the last quarter. Hilltop Partners LLC raised its stake in shares of iShares US & Intl High Yield Corp Bond ETF by 2.8% during the third quarter. Hilltop Partners LLC now owns 183,354 shares of the company’s stock valued at $8,533,000 after acquiring an additional 4,946 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of iShares US & Intl High Yield Corp Bond ETF by 110.3% during the first quarter. Bank of New York Mellon Corp now owns 15,098 shares of the company’s stock worth $681,000 after purchasing an additional 7,920 shares during the period. Finally, Nilsine Partners LLC lifted its holdings in shares of iShares US & Intl High Yield Corp Bond ETF by 2.1% during the second quarter. Nilsine Partners LLC now owns 32,498 shares of the company’s stock worth $1,472,000 after purchasing an additional 661 shares during the period.

iShares US & Intl High Yield Corp Bond ETF Trading Down 0.1%

BATS:GHYG opened at $44.62 on Friday. The stock’s 50-day moving average is $45.14 and its 200-day moving average is $45.28. iShares US & Intl High Yield Corp Bond ETF has a 1-year low of $44.39 and a 1-year high of $46.88. The stock has a market cap of $160.63 million, a P/E ratio of 11.09 and a beta of 0.44.

iShares US & Intl High Yield Corp Bond ETF Company Profile

The iShares US & Intl High Yield Corp Bond ETF (GHYG) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of high-yield bonds issued in developed markets and denominated in local currencies. GHYG was launched on Apr 3, 2012 and is managed by BlackRock.