Short Interest in iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Drops By 60.9%

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,943 shares, a drop of 60.9% from the April 30th total of 4,967 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 41,363 shares, the short-interest ratio is currently 0.0 days.

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

BATS HYGW opened at $29.19 on Friday. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a 12-month low of $28.84 and a 12-month high of $30.75. The company has a market capitalization of $218.93 million, a PE ratio of 10.56 and a beta of 0.24. The firm’s 50 day moving average is $29.17 and its 200-day moving average is $29.63.

Institutional Trading of iShares High Yield Corporate Bond BuyWrite Strategy ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in HYGW. Private Trust Co. NA raised its holdings in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% in the fourth quarter. Private Trust Co. NA now owns 2,104 shares of the company’s stock valued at $63,000 after purchasing an additional 657 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the first quarter valued at approximately $251,000. Arax Advisory Partners acquired a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the fourth quarter valued at approximately $337,000. Arkadios Wealth Advisors acquired a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the fourth quarter valued at approximately $500,000. Finally, RiverFront Investment Group LLC raised its holdings in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 96.2% in the fourth quarter. RiverFront Investment Group LLC now owns 69,757 shares of the company’s stock valued at $2,083,000 after purchasing an additional 34,201 shares during the last quarter.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Company Profile

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.