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 recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 29,607 shares, a decline of 43.0% from the July 30th total of 51,946 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 52,770 shares, the days-to-cover ratio is currently 0.6 days.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

NYSEARCA HYGH traded up $0.02 on Friday, hitting $86.88. 33,892 shares of the stock traded hands, compared to its average volume of 62,992. The firm has a market capitalization of $599.47 million, a price-to-earnings ratio of 10.74 and a beta of 0.27. iShares Interest Rate Hedged High Yield Bond ETF has a 12 month low of $84.78 and a 12 month high of $87.19. The business’s fifty day moving average is $86.50 and its two-hundred day moving average is $86.25.

Hedge Funds Weigh In On iShares Interest Rate Hedged High Yield Bond ETF

A number of large investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 12.1% in the first quarter. Royal Bank of Canada now owns 15,785 shares of the company’s stock valued at $1,344,000 after purchasing an additional 1,709 shares in the last quarter. Jane Street Group LLC lifted its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 291.4% during the 1st quarter. Jane Street Group LLC now owns 44,532 shares of the company’s stock worth $3,794,000 after purchasing an additional 33,154 shares in the last quarter. Cetera Investment Advisers boosted its stake in iShares Interest Rate Hedged High Yield Bond ETF by 6.6% in the 2nd quarter. Cetera Investment Advisers now owns 5,315 shares of the company’s stock worth $460,000 after purchasing an additional 329 shares during the period. JPMorgan Chase & Co. bought a new position in iShares Interest Rate Hedged High Yield Bond ETF in the 2nd quarter worth about $424,000. Finally, Flow Traders U.S. LLC purchased a new position in iShares Interest Rate Hedged High Yield Bond ETF during the 2nd quarter valued at about $392,000.

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.