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 December. As of December 31st, there was short interest totaling 14,975 shares, a decline of 66.5% from the December 15th total of 44,731 shares. Based on an average daily volume of 48,220 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s stock are short sold. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 48,220 shares, the days-to-cover ratio is currently 0.3 days.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

iShares Interest Rate Hedged High Yield Bond ETF stock traded down $0.04 during midday trading on Wednesday, reaching $86.61. 73,754 shares of the company traded hands, compared to its average volume of 63,962. iShares Interest Rate Hedged High Yield Bond ETF has a 12 month low of $78.23 and a 12 month high of $87.69. The business has a 50 day moving average of $86.16 and a two-hundred day moving average of $86.25. The firm has a market capitalization of $446.04 million, a price-to-earnings ratio of 10.74 and a beta of 0.28.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF in the third quarter worth approximately $34,000. Ameritas Advisory Services LLC purchased a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF during the 2nd quarter valued at $53,000. Advisory Services Network LLC bought a new position in iShares Interest Rate Hedged High Yield Bond ETF in the 3rd quarter worth $58,000. Chilton Capital Management LLC bought a new position in iShares Interest Rate Hedged High Yield Bond ETF in the 3rd quarter worth $112,000. Finally, Advisors Preferred LLC purchased a new stake in iShares Interest Rate Hedged High Yield Bond ETF in the 2nd quarter worth $140,000.

iShares Interest Rate Hedged High Yield Bond ETF Company Profile

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.