iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Shares Shorted: Short Interest Down 83.7% in October

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 13,411 shares, a decline of 83.7% from the September 30th total of 82,479 shares. Based on an average daily trading volume, of 26,519 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Up 0.2%

HYGW opened at $28.07 on Tuesday. The stock has a market cap of $210.53 million, a P/E ratio of 10.56 and a beta of 0.24. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a 12 month low of $27.85 and a 12 month high of $30.39. The company has a fifty day simple moving average of $28.46 and a 200 day simple moving average of $29.10.

Institutional Trading of iShares High Yield Corporate Bond BuyWrite Strategy ETF

A hedge fund recently bought a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF stock. Janney Montgomery Scott LLC acquired a new stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 8,499 shares of the company’s stock, valued at approximately $251,000. Janney Montgomery Scott LLC owned about 0.11% of iShares High Yield Corporate Bond BuyWrite Strategy ETF as of its most recent SEC filing.

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.