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

by · The Markets Daily

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW – Get Free Report) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,689 shares, a drop of 91.0% from the June 30th total of 29,986 shares. Based on an average daily volume of 38,546 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares High Yield Corporate Bond BuyWrite Strategy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. RiverFront Investment Group LLC boosted its position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 96.2% during the 4th quarter. RiverFront Investment Group LLC now owns 69,757 shares of the company’s stock worth $2,083,000 after acquiring an additional 34,201 shares in the last quarter. Private Trust Co. NA raised its position in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% during 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 in the last quarter. JPMorgan Chase & Co. raised its position in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 47.0% during the second quarter. JPMorgan Chase & Co. now owns 194,549 shares of the company’s stock valued at $5,955,000 after purchasing an additional 62,234 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF during the fourth quarter worth $500,000. Finally, Arax Advisory Partners bought a new stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF during the fourth quarter worth $337,000.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Price Performance

HYGW stock remained flat at $28.82 during midday trading on Friday. The company had a trading volume of 10,340 shares, compared to its average volume of 81,300. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a fifty-two week low of $28.80 and a fifty-two week high of $30.46. The company’s fifty day simple moving average is $28.99 and its 200 day simple moving average is $29.36. The stock has a market capitalization of $216.15 million, a P/E ratio of 10.56 and a beta of 0.24.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Company Profile

(Get Free Report)

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.

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