iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Stock Price Down 1.7% – Here’s Why

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) shares dropped 1.7% during trading on Monday . The company traded as low as $29.9178 and last traded at $29.91. Approximately 165,311 shares changed hands during mid-day trading, an increase of 212% from the average daily volume of 52,973 shares. The stock had previously closed at $30.42.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Performance

The company has a market cap of $224.33 million, a P/E ratio of 10.56 and a beta of 0.24. The business’s 50-day moving average price is $30.17 and its 200 day moving average price is $30.30.

Institutional Investors Weigh In On 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 lifted its stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) by 148.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,874 shares of the company’s stock after acquiring an additional 20,843 shares during the quarter. RiverFront Investment Group LLC owned approximately 0.46% of iShares High Yield Corporate Bond BuyWrite Strategy ETF worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.