iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Sees Large Growth in Short Interest

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 44,731 shares, a growth of 129.8% from the November 30th total of 19,465 shares. Based on an average trading volume of 55,913 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.9% of the shares of the stock are sold short. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 55,913 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of iShares Interest Rate Hedged High Yield Bond ETF

Several large investors have recently made changes to their positions in the company. IFP Advisors Inc raised its stake in iShares Interest Rate Hedged High Yield Bond ETF by 9.2% in the 3rd quarter. IFP Advisors Inc now owns 9,314 shares of the company’s stock valued at $809,000 after purchasing an additional 787 shares during the last quarter. Capital Square LLC acquired a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF in the third quarter valued at about $225,000. Sunbelt Securities Inc. lifted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 1,069.5% in the third quarter. Sunbelt Securities Inc. now owns 2,795 shares of the company’s stock worth $243,000 after buying an additional 2,556 shares in the last quarter. Advisory Services Network LLC acquired a new position in iShares Interest Rate Hedged High Yield Bond ETF during the third quarter worth about $58,000. Finally, Susquehanna International Group LLP purchased a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the 3rd quarter valued at about $346,000.

iShares Interest Rate Hedged High Yield Bond ETF Stock Down 0.1%

HYGH opened at $86.22 on Friday. The firm’s fifty day simple moving average is $86.12 and its two-hundred day simple moving average is $86.20. iShares Interest Rate Hedged High Yield Bond ETF has a 52-week low of $78.23 and a 52-week high of $87.69. The company has a market cap of $431.10 million, a price-to-earnings ratio of 10.74 and a beta of 0.28.

About iShares Interest Rate Hedged High Yield Bond ETF

The iShares Interest Rate Hedged High Yield Bond ETF (HYGH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index that holds the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) that targets USD-denominated corporate high-yield bonds while mitigating interest-rate risk. HYGH was launched on May 27, 2014 and is managed by BlackRock.