iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Sees Significant Growth in Short Interest

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 10,585 shares, an increase of 444.8% from the May 14th total of 1,943 shares. Based on an average daily volume of 26,339 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

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

Large investors have recently added to or reduced their stakes in the business. Private Trust Co. NA raised its position in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% in the 4th quarter. Private Trust Co. NA now owns 2,104 shares of the company’s stock worth $63,000 after purchasing an additional 657 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the first quarter valued at about $251,000. Arax Advisory Partners purchased a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the fourth quarter valued at about $337,000. Arkadios Wealth Advisors purchased a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the fourth quarter valued at about $500,000. Finally, RiverFront Investment Group LLC increased its position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 96.2% in the fourth quarter. RiverFront Investment Group LLC now owns 69,757 shares of the company’s stock valued at $2,083,000 after acquiring an additional 34,201 shares during the period.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Price Performance

Shares of BATS HYGW remained flat at $28.99 during mid-day trading on Friday. 2,925 shares of the stock were exchanged, compared to its average volume of 94,637. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a 52 week low of $28.83 and a 52 week high of $30.68. The stock has a market cap of $217.43 million, a PE ratio of 10.56 and a beta of 0.24. The stock has a 50 day moving average of $29.10 and a 200 day moving average of $29.56.

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.