iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Short Interest Up 1,000.8% in June

by · The Markets Daily

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB – Get Free Report) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 136,217 shares, a growth of 1,000.8% from the June 15th total of 12,374 shares. Based on an average trading volume of 26,817 shares, the short-interest ratio is currently 5.1 days. Currently, 1.5% of the company’s shares are sold short.

Institutional Trading of iShares BB Rated Corporate Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in shares of iShares BB Rated Corporate Bond ETF in the 4th quarter worth approximately $101,049,000. Valmark Advisers Inc. purchased a new position in iShares BB Rated Corporate Bond ETF during the 4th quarter worth approximately $68,628,000. Stifel Financial Corp lifted its stake in iShares BB Rated Corporate Bond ETF by 44.5% during the 4th quarter. Stifel Financial Corp now owns 1,416,283 shares of the company’s stock valued at $66,749,000 after acquiring an additional 435,895 shares during the period. Benjamin Edwards Inc. lifted its stake in iShares BB Rated Corporate Bond ETF by 47.9% during the 4th quarter. Benjamin Edwards Inc. now owns 1,081,255 shares of the company’s stock valued at $50,959,000 after acquiring an additional 349,980 shares during the period. Finally, Confluence Investment Management LLC boosted its holdings in shares of iShares BB Rated Corporate Bond ETF by 60.1% in the 4th quarter. Confluence Investment Management LLC now owns 433,506 shares of the company’s stock valued at $20,431,000 after acquiring an additional 162,677 shares during the last quarter.

iShares BB Rated Corporate Bond ETF Stock Down 0.1%

NYSEARCA:HYBB traded down $0.05 during midday trading on Friday, hitting $46.57. The stock had a trading volume of 14,421 shares, compared to its average volume of 85,423. The stock has a 50-day moving average of $46.64 and a 200 day moving average of $46.86. The company has a market capitalization of $409.82 million, a price-to-earnings ratio of 59.99 and a beta of 0.37. iShares BB Rated Corporate Bond ETF has a one year low of $45.92 and a one year high of $47.51.

About iShares BB Rated Corporate Bond ETF

(Get Free Report)

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.

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