iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Short Interest Down 91.0% in July

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,689 shares, a drop of 91.0% from the June 30th total of 29,986 shares. Based on an average daily trading volume, of 38,546 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of iShares High Yield Corporate Bond BuyWrite Strategy ETF

Several institutional investors have recently modified their holdings of HYGW. Private Trust Co. NA raised its stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% during the fourth quarter. Private Trust Co. NA now owns 2,104 shares of the company’s stock worth $63,000 after acquiring an additional 657 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 1.2% during the 4th quarter. JPMorgan Chase & Co. now owns 177,335 shares of the company’s stock worth $5,295,000 after purchasing an additional 2,118 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 1st quarter valued at about $251,000. Arax Advisory Partners bought a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 4th quarter valued at about $337,000. Finally, Arkadios Wealth Advisors bought a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 4th quarter valued at about $500,000.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Price Performance

HYGW stock opened at $28.82 on Friday. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a twelve month low of $28.80 and a twelve month high of $30.46. The company has a market cap of $216.15 million, a PE ratio of 10.56 and a beta of 0.24. The business’s 50-day simple moving average is $28.99 and its 200 day simple moving average is $29.36.

About iShares High Yield Corporate Bond BuyWrite Strategy ETF

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.