Short Interest in iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Decreases By 60.1%

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 96,939 shares, a decrease of 60.1% from the July 30th total of 243,242 shares. Based on an average trading volume of 292,300 shares, the short-interest ratio is currently 0.3 days. Currently, 1.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC grew its stake in iShares BB Rated Corporate Bond ETF by 45.3% during the fourth quarter. CWM LLC now owns 892 shares of the company’s stock worth $42,000 after purchasing an additional 278 shares during the period. Zuckerman Investment Group LLC increased its stake in shares of iShares BB Rated Corporate Bond ETF by 1.8% in the 4th quarter. Zuckerman Investment Group LLC now owns 17,153 shares of the company’s stock valued at $808,000 after acquiring an additional 298 shares in the last quarter. Bank of America Corp DE increased its stake in shares of iShares BB Rated Corporate Bond ETF by 12.2% in the 2nd quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock valued at $159,000 after acquiring an additional 369 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of iShares BB Rated Corporate Bond ETF by 3.9% during the third quarter. Raymond James Financial Inc. now owns 11,406 shares of the company’s stock valued at $540,000 after purchasing an additional 429 shares during the period. Finally, Osaic Holdings Inc. boosted its position in shares of iShares BB Rated Corporate Bond ETF by 12.4% during the 4th quarter. Osaic Holdings Inc. now owns 3,991 shares of the company’s stock worth $188,000 after purchasing an additional 440 shares in the last quarter.

iShares BB Rated Corporate Bond ETF Stock Performance

Shares of NYSEARCA HYBB opened at $46.66 on Friday. The company’s 50 day moving average price is $46.55 and its 200-day moving average price is $46.69. iShares BB Rated Corporate Bond ETF has a 52-week low of $45.92 and a 52-week high of $47.51. The company has a market capitalization of $429.27 million, a P/E ratio of 59.99 and a beta of 0.37.

iShares BB Rated Corporate Bond ETF Company Profile

The iShares BB Rated Corporate Bond ETF (HYBB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that only includes bonds with a credit rating of BB. HYBB was launched on Oct 6, 2020 and is managed by BlackRock.