iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Short Interest Up 15.5% in February

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 101,815,053 shares, an increase of 15.5% from the February 12th total of 88,134,011 shares. Based on an average daily volume of 41,352,671 shares, the short-interest ratio is presently 2.5 days. Approximately 45.6% of the shares of the stock are short sold. Approximately 45.6% of the shares of the stock are short sold. Based on an average daily volume of 41,352,671 shares, the short-interest ratio is presently 2.5 days.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Down 0.5%

HYG opened at $79.40 on Thursday. The stock has a market capitalization of $17.72 billion, a P/E ratio of 10.79 and a beta of 0.41. The stock has a 50-day moving average price of $80.65 and a 200-day moving average price of $80.69. iShares iBoxx $ High Yield Corporate Bond ETF has a 12-month low of $75.08 and a 12-month high of $81.36.

Institutional Trading of iShares iBoxx $ High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in iShares iBoxx $ High Yield Corporate Bond ETF by 255.8% during the second quarter. JPMorgan Chase & Co. now owns 10,234,868 shares of the exchange traded fund’s stock valued at $825,442,000 after acquiring an additional 7,358,059 shares during the last quarter. BNP Paribas lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 296.1% in the 2nd quarter. BNP Paribas now owns 4,535,242 shares of the exchange traded fund’s stock worth $365,767,000 after acquiring an additional 3,390,278 shares during the last quarter. Allstate Corp lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 823.6% in the 3rd quarter. Allstate Corp now owns 3,083,249 shares of the exchange traded fund’s stock worth $250,329,000 after acquiring an additional 2,749,404 shares during the last quarter. Jump Financial LLC boosted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 335.3% in the 4th quarter. Jump Financial LLC now owns 720,900 shares of the exchange traded fund’s stock valued at $58,126,000 after purchasing an additional 1,027,275 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 18.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,818,659 shares of the exchange traded fund’s stock valued at $147,320,000 after purchasing an additional 282,574 shares in the last quarter.

iShares iBoxx $ High Yield Corporate Bond ETF Company Profile

iShares iBoxx $ High Yield Corporate Bond ETF (the Fund), formerly iShares iBoxx $ High Yield Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the Index), which is a rules-based index consisting of liquid the United States dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and oil and gas companies.