iShares US & Intl High Yield Corp Bond ETF (BATS:GHYG) Sees Significant Drop in Short Interest

iShares US & Intl High Yield Corp Bond ETF (BATS:GHYG) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 6,873 shares, a decline of 94.2% from the July 15th total of 119,301 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 24,640 shares, the short-interest ratio is presently 0.3 days.

iShares US & Intl High Yield Corp Bond ETF Stock Performance

Shares of BATS GHYG opened at $45.17 on Wednesday. The firm’s 50 day moving average price is $45.14 and its 200-day moving average price is $45.45. The company has a market cap of $162.61 million, a PE ratio of 11.09 and a beta of 0.44. iShares US & Intl High Yield Corp Bond ETF has a 52-week low of $44.39 and a 52-week high of $46.88.

Hedge Funds Weigh In On iShares US & Intl High Yield Corp Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GHYG. Jones Financial Companies Lllp boosted its stake in iShares US & Intl High Yield Corp Bond ETF by 18,748.0% during the 1st quarter. Jones Financial Companies Lllp now owns 9,424 shares of the company’s stock valued at $420,000 after purchasing an additional 9,374 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of iShares US & Intl High Yield Corp Bond ETF by 110.3% in the 1st quarter. Bank of New York Mellon Corp now owns 15,098 shares of the company’s stock worth $681,000 after purchasing an additional 7,920 shares in the last quarter. Hilltop Partners LLC increased its holdings in shares of iShares US & Intl High Yield Corp Bond ETF by 2.8% in the 3rd quarter. Hilltop Partners LLC now owns 183,354 shares of the company’s stock worth $8,533,000 after purchasing an additional 4,946 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of iShares US & Intl High Yield Corp Bond ETF by 11.2% in the third quarter. Ameriprise Financial Inc. now owns 556,153 shares of the company’s stock worth $25,878,000 after purchasing an additional 56,213 shares during the last quarter.

iShares US & Intl High Yield Corp Bond ETF Company Profile

The iShares US & Intl High Yield Corp Bond ETF (GHYG) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of high-yield bonds issued in developed markets and denominated in local currencies. GHYG was launched on Apr 3, 2012 and is managed by BlackRock.