Short Interest in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Grows By 84.5%

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 21,400 shares, anincreaseof84.5% from the July 15th total of 11,600 shares. Based on an average trading volume of 45,800 shares, the days-to-cover ratio is presently 0.5 days. Approximately0.4% of the shares of the stock are short sold. Approximately0.4% of the shares of the stock are short sold. Based on an average trading volume of 45,800 shares, the days-to-cover ratio is presently 0.5 days.

iShares BB Rated Corporate Bond ETF Trading Down 0.1%

Shares of iShares BB Rated Corporate Bond ETF stock opened at $46.84 on Wednesday. The company’s 50-day moving average price is $46.70 and its two-hundred day moving average price is $46.31. iShares BB Rated Corporate Bond ETF has a 52 week low of $42.72 and a 52 week high of $47.42. The stock has a market cap of $285.72 million, a PE ratio of 59.99 and a beta of 0.42.

Institutional Investors Weigh In On iShares BB Rated Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of HYBB. North Star Investment Management Corp. acquired a new stake in iShares BB Rated Corporate Bond ETF during the 1st quarter worth about $26,000. JPMorgan Chase & Co. acquired a new stake in iShares BB Rated Corporate Bond ETF during the 4th quarter worth about $40,000. NBC Securities Inc. raised its holdings in iShares BB Rated Corporate Bond ETF by 138,100.0% during the 1st quarter. NBC Securities Inc. now owns 1,382 shares of the company’s stock worth $63,000 after buying an additional 1,381 shares during the period. Bank of America Corp DE raised its holdings in iShares BB Rated Corporate Bond ETF by 12.2% during the 2nd quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock worth $159,000 after buying an additional 369 shares during the period. Finally, Zhang Financial LLC acquired a new stake in iShares BB Rated Corporate Bond ETF during the 2nd quarter worth about $203,000.

About iShares BB Rated Corporate Bond ETF

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.