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 target of a large growth in short interest in August. As of August 31st, there was short interest totaling 58,885 shares, a growth of 98.9% from the August 15th total of 29,607 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily volume of 52,705 shares, the short-interest ratio is currently 1.1 days.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

Shares of HYGH traded down $0.15 during midday trading on Tuesday, hitting $86.27. 12,762 shares of the company traded hands, compared to its average volume of 63,202. iShares Interest Rate Hedged High Yield Bond ETF has a one year low of $84.78 and a one year high of $87.19. The firm has a market cap of $595.23 million, a P/E ratio of 10.74 and a beta of 0.27. The stock has a 50-day moving average of $86.50 and a 200-day moving average of $86.27.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HYGH. AXS Investments LLC boosted its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 0.7% in the 4th quarter. AXS Investments LLC now owns 18,296 shares of the company’s stock worth $1,577,000 after purchasing an additional 121 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 11.3% in the 4th quarter. Global Retirement Partners LLC now owns 3,531 shares of the company’s stock worth $304,000 after acquiring an additional 358 shares in the last quarter. Brookstone Capital Management boosted its stake in iShares Interest Rate Hedged High Yield Bond ETF by 16.9% during the first quarter. Brookstone Capital Management now owns 6,537 shares of the company’s stock worth $560,000 after acquiring an additional 947 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF in the second quarter worth $87,000. Finally, Trademark Financial Management LLC increased its stake in iShares Interest Rate Hedged High Yield Bond ETF by 40.1% during the 1st quarter. Trademark Financial Management LLC now owns 3,578 shares of the company’s stock valued at $306,000 after purchasing an additional 1,025 shares in the last quarter.

About iShares Interest Rate Hedged High Yield Bond ETF

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.