iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Sees Significant Decrease in Short Interest

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 1,597 shares, a decrease of 86.5% from the September 15th total of 11,848 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 21,036 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of iShares BB Rated Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HYBB. Public Employees Retirement System of Ohio bought a new position in iShares BB Rated Corporate Bond ETF during the 2nd quarter worth approximately $119,170,000. Valmark Advisers Inc. boosted its stake in shares of iShares BB Rated Corporate Bond ETF by 5.2% in the 1st quarter. Valmark Advisers Inc. now owns 1,531,588 shares of the company’s stock valued at $71,204,000 after purchasing an additional 75,445 shares during the last quarter. Confluence Investment Management LLC bought a new stake in shares of iShares BB Rated Corporate Bond ETF in the 3rd quarter valued at $3,828,000. Nottingham Advisors Inc. increased its position in shares of iShares BB Rated Corporate Bond ETF by 14.1% during the first quarter. Nottingham Advisors Inc. now owns 38,849 shares of the company’s stock worth $1,806,000 after buying an additional 4,792 shares during the period. Finally, Bank of America Corp DE increased its position in shares of iShares BB Rated Corporate Bond ETF by 77.0% during the first quarter. Bank of America Corp DE now owns 34,887 shares of the company’s stock worth $1,622,000 after buying an additional 15,174 shares during the period.

iShares BB Rated Corporate Bond ETF Stock Performance

Shares of HYBB traded up $0.06 during mid-day trading on Friday, reaching $45.16. 22,103 shares of the company were exchanged, compared to its average volume of 84,979. iShares BB Rated Corporate Bond ETF has a 52 week low of $44.60 and a 52 week high of $47.51. The stock has a market capitalization of $302.57 million, a PE ratio of 59.99 and a beta of 0.38. The business has a 50 day simple moving average of $46.02 and a two-hundred day simple moving average of $46.41.

iShares BB Rated Corporate Bond ETF Company Profile

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.