iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Trading 0.1% Higher – Here’s Why

Shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) rose 0.1% on Thursday . The stock traded as high as $29.25 and last traded at $29.22. Approximately 138,520 shares changed hands during trading, an increase of 16% from the average daily volume of 119,535 shares. The stock had previously closed at $29.20.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Price Performance

The business has a 50 day simple moving average of $29.47 and a 200-day simple moving average of $29.81. The stock has a market capitalization of $219.15 million, a price-to-earnings ratio of 10.56 and a beta of 0.24.

Hedge Funds Weigh In On iShares High Yield Corporate Bond BuyWrite Strategy ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Private Trust Co. NA raised its holdings in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% during the 4th quarter. Private Trust Co. NA now owns 2,104 shares of the company’s stock worth $63,000 after buying an additional 657 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 1.2% in the fourth quarter. JPMorgan Chase & Co. now owns 177,335 shares of the company’s stock valued at $5,295,000 after buying an additional 2,118 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the first quarter valued at approximately $251,000. Arax Advisory Partners bought a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the fourth quarter worth $337,000. Finally, Arkadios Wealth Advisors bought a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the fourth quarter worth $500,000.

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. HYGW was launched on Aug 18, 2022 and is managed by BlackRock.