iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Short Interest Update

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 190,634 shares, an increase of 342.2% from the February 26th total of 43,107 shares. Approximately 3.7% of the company’s stock are sold short. Based on an average daily volume of 111,148 shares, the short-interest ratio is presently 1.7 days. Based on an average daily volume of 111,148 shares, the short-interest ratio is presently 1.7 days. Approximately 3.7% of the company’s stock are sold short.

Institutional Investors Weigh In On iShares Interest Rate Hedged High Yield Bond ETF

A number of hedge funds have recently added to or reduced their stakes in HYGH. Inspire Advisors LLC increased its position in iShares Interest Rate Hedged High Yield Bond ETF by 18.6% during the third quarter. Inspire Advisors LLC now owns 60,225 shares of the company’s stock valued at $5,230,000 after acquiring an additional 9,438 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the third quarter valued at approximately $922,000. Envestnet Asset Management Inc. raised its position in iShares Interest Rate Hedged High Yield Bond ETF by 13.6% in the third quarter. Envestnet Asset Management Inc. now owns 60,512 shares of the company’s stock worth $5,255,000 after acquiring an additional 7,222 shares during the period. Osaic Holdings Inc. boosted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 26.1% during the 2nd quarter. Osaic Holdings Inc. now owns 33,101 shares of the company’s stock worth $2,861,000 after acquiring an additional 6,861 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF in the 2nd quarter worth $270,000.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

iShares Interest Rate Hedged High Yield Bond ETF stock opened at $85.30 on Wednesday. The stock has a market capitalization of $443.56 million, a PE ratio of 10.74 and a beta of 0.28. The business’s fifty day moving average is $86.17 and its 200 day moving average is $86.20. iShares Interest Rate Hedged High Yield Bond ETF has a one year low of $78.23 and a one year high of $87.19.

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.