iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Sees Significant Drop in Short Interest

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) saw a significant drop in short interest in October. As of October 30th, there was short interest totaling 5,843 shares, a drop of 56.4% from the October 15th total of 13,411 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 15,829 shares, the short-interest ratio is currently 0.4 days.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Price Performance

Shares of BATS:HYGW traded up $0.02 during trading on Friday, hitting $27.90. The company had a trading volume of 16,294 shares, compared to its average volume of 60,199. The stock has a market cap of $108.81 million, a price-to-earnings ratio of 10.56 and a beta of 0.20. The company has a fifty day simple moving average of $28.18 and a two-hundred day simple moving average of $28.95. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a one year low of $27.77 and a one year high of $30.12.

Institutional Trading of iShares High Yield Corporate Bond BuyWrite Strategy ETF

An institutional investor recently bought a new stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF stock. Janney Montgomery Scott LLC acquired a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,499 shares of the company’s stock, valued at approximately $251,000. Janney Montgomery Scott LLC owned 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.