Short Interest in iShares US & Intl High Yield Corp Bond ETF (BATS:GHYG) Decreases By 60.8%

iShares US & Intl High Yield Corp Bond ETF (BATS:GHYG) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 7,015 shares, a decline of 60.8% from the August 15th total of 17,880 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 13,200 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On iShares US & Intl High Yield Corp Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hilltop Partners LLC boosted its holdings in iShares US & Intl High Yield Corp Bond ETF by 6.9% in the 4th quarter. Hilltop Partners LLC now owns 196,093 shares of the company’s stock valued at $9,046,000 after purchasing an additional 12,739 shares during the period. Nilsine Partners LLC increased its stake in shares of iShares US & Intl High Yield Corp Bond ETF by 2.1% in the 2nd quarter. Nilsine Partners LLC now owns 32,498 shares of the company’s stock valued at $1,472,000 after purchasing an additional 661 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in iShares US & Intl High Yield Corp Bond ETF by 110.3% during the first quarter. Bank of New York Mellon Corp now owns 15,098 shares of the company’s stock worth $681,000 after acquiring an additional 7,920 shares in the last quarter.

iShares US & Intl High Yield Corp Bond ETF Stock Performance

GHYG traded down $0.10 during trading hours on Tuesday, reaching $44.42. The company’s stock had a trading volume of 2,570 shares, compared to its average volume of 27,108. iShares US & Intl High Yield Corp Bond ETF has a 52 week low of $44.39 and a 52 week high of $46.88. The firm has a market cap of $159.93 million, a PE ratio of 11.09 and a beta of 0.44. The company’s 50-day moving average is $45.13 and its 200-day moving average is $45.26.

iShares US & Intl High Yield Corp Bond ETF Company Profile

The iShares US & Intl High Yield Corp Bond ETF (GHYG) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of high-yield bonds issued in developed markets and denominated in local currencies. GHYG was launched on Apr 3, 2012 and is managed by BlackRock.