iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Shares Shorted: Short Interest Up 272.5% in October

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 5,949 shares, an increase of 272.5% from the September 30th total of 1,597 shares. Based on an average daily volume of 103,842 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

iShares BB Rated Corporate Bond ETF Stock Performance

NYSEARCA:HYBB traded down $0.07 on Friday, hitting $45.39. The stock had a trading volume of 1,653 shares, compared to its average volume of 84,431. iShares BB Rated Corporate Bond ETF has a 1 year low of $44.60 and a 1 year high of $47.47. The firm’s fifty day simple moving average is $45.66 and its two-hundred day simple moving average is $46.48. The stock has a market cap of $365.37 million, a P/E ratio of 59.99 and a beta of 0.38.

Institutional Investors Weigh In On iShares BB Rated Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in HYBB. Keeler Thomas Management LLC increased its position in shares of iShares BB Rated Corporate Bond ETF by 4.8% during the third quarter. Keeler Thomas Management LLC now owns 5,705 shares of the company’s stock valued at $257,000 after buying an additional 260 shares during the period. Nottingham Advisors Inc. bought a new stake in iShares BB Rated Corporate Bond ETF in the 3rd quarter worth approximately $1,843,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of iShares BB Rated Corporate Bond ETF in the 3rd quarter valued at $16,827,000. North Star Investment Management Corp. purchased a new stake in shares of iShares BB Rated Corporate Bond ETF during the third quarter valued at approximately $25,000. Finally, Hegarty Advisors LLC grew its stake in shares of iShares BB Rated Corporate Bond ETF by 13.0% in the third quarter. Hegarty Advisors LLC now owns 12,322 shares of the company’s stock worth $555,000 after purchasing an additional 1,413 shares during the last quarter.

About iShares BB Rated Corporate Bond ETF

The iShares BB Rated Corporate Bond ETF (HYBB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that only includes bonds with a credit rating of BB. HYBB was launched on Oct 6, 2020 and is managed by BlackRock.