iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Stock Price Up 0% – What’s Next?

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW)’s share price were up 0% during mid-day trading on Friday . The company traded as high as $28.78 and last traded at $28.78. 13,602 shares were traded during trading, a decline of 81% from the average session volume of 70,396 shares. The stock had previously closed at $28.77.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Performance

The stock’s 50-day moving average price is $28.93 and its 200-day moving average price is $29.14. The company has a market capitalization of $215.85 million, a price-to-earnings ratio of 10.56 and a beta of 0.24.

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

Institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC purchased a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF during the first quarter worth about $251,000. Arax Advisory Partners purchased a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF in the 4th quarter valued at about $337,000. Arkadios Wealth Advisors bought a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the fourth quarter worth $500,000. RiverFront Investment Group LLC raised its stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 96.2% during the fourth quarter. RiverFront Investment Group LLC now owns 69,757 shares of the company’s stock valued at $2,083,000 after buying an additional 34,201 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 1.2% in the fourth 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 during the period.

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.