iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Shares Down 0.5% – Should You Sell?

Shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) fell 0.5% during trading on Monday . The company traded as low as $29.92 and last traded at $30.27. 165,311 shares traded hands during mid-day trading, an increase of 212% from the average session volume of 52,973 shares. The stock had previously closed at $30.42.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Down 0.5%

The stock has a market cap of $227.03 million, a price-to-earnings ratio of 10.56 and a beta of 0.24. The business’s 50 day simple moving average is $30.26 and its 200 day simple moving average is $30.71.

Institutional Trading of iShares High Yield Corporate Bond BuyWrite Strategy ETF

An institutional investor recently raised its position in iShares High Yield Corporate Bond BuyWrite Strategy ETF stock. RiverFront Investment Group LLC boosted its holdings in iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) by 148.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,874 shares of the company’s stock after purchasing an additional 20,843 shares during the quarter. RiverFront Investment Group LLC owned 0.46% of iShares High Yield Corporate Bond BuyWrite Strategy ETF worth $1,067,000 at the end of the most recent reporting period.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Company Profile

The iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) is an exchange-traded fund that is based on the Cboe HYG BuyWrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares High Yield Corporate Bond ETF and writing one-month call options against the shares.