iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Short Interest Up 1,540.1% in July

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 243,242 shares, a growth of 1,540.1% from the July 15th total of 14,831 shares. Based on an average daily trading volume, of 65,615 shares, the days-to-cover ratio is presently 3.7 days. Approximately 2.6% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares BB Rated Corporate Bond ETF

A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in iShares BB Rated Corporate Bond ETF during the 4th quarter valued at approximately $101,049,000. Valmark Advisers Inc. increased its position in 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 worth $71,204,000 after buying an additional 75,445 shares during the period. Stifel Financial Corp increased its position in iShares BB Rated Corporate Bond ETF by 44.5% in the 4th quarter. Stifel Financial Corp now owns 1,416,283 shares of the company’s stock worth $66,749,000 after buying an additional 435,895 shares during the period. Benjamin Edwards Inc. lifted its holdings in shares of iShares BB Rated Corporate Bond ETF by 47.9% during the fourth quarter. Benjamin Edwards Inc. now owns 1,081,255 shares of the company’s stock worth $50,959,000 after buying an additional 349,980 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of iShares BB Rated Corporate Bond ETF by 4.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 372,034 shares of the company’s stock worth $17,534,000 after buying an additional 14,582 shares during the last quarter.

iShares BB Rated Corporate Bond ETF Trading Up 0.0%

HYBB traded up $0.02 during trading on Tuesday, hitting $46.44. The stock had a trading volume of 17,267 shares, compared to its average volume of 97,437. The firm has a market cap of $427.25 million, a PE ratio of 59.99 and a beta of 0.37. iShares BB Rated Corporate Bond ETF has a 12 month low of $45.92 and a 12 month high of $47.51. The company has a 50 day simple moving average of $46.56 and a 200-day simple moving average of $46.75.

About iShares BB Rated Corporate Bond ETF

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.