iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Stock Short Interest Drops 43.2%

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 33,438 shares, a decrease of 43.2% from the August 31st total of 58,885 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 66,821 shares, the short-interest ratio is currently 0.5 days.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

Shares of HYGH stock traded down $0.06 during trading hours on Friday, hitting $85.28. 12,548 shares of the company were exchanged, compared to its average volume of 62,602. The stock has a market capitalization of $652.39 million, a price-to-earnings ratio of 10.74 and a beta of 0.28. iShares Interest Rate Hedged High Yield Bond ETF has a one year low of $84.78 and a one year high of $87.19. The business’s 50-day simple moving average is $86.42 and its two-hundred day simple moving average is $86.32.

Hedge Funds Weigh In On iShares Interest Rate Hedged High Yield Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HYGH. Integrated Wealth Concepts LLC bought a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF during the 2nd quarter worth about $87,000. OxenFree Capital LLC acquired a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the first quarter valued at approximately $202,000. Diversify Wealth Management LLC acquired a new position in iShares Interest Rate Hedged High Yield Bond ETF in the first quarter worth approximately $291,000. Trademark Financial Management LLC increased its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 40.1% in the first quarter. Trademark Financial Management LLC now owns 3,578 shares of the company’s stock valued at $306,000 after buying an additional 1,025 shares in the last quarter. Finally, Van Diest Capital LLC grew its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 123.4% in the 1st quarter. Van Diest Capital LLC now owns 5,428 shares of the company’s stock worth $465,000 after acquiring an additional 2,998 shares during the last quarter.

About iShares Interest Rate Hedged High Yield Bond ETF

The iShares Interest Rate Hedged High Yield Bond ETF (HYGH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index that holds the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) that targets USD-denominated corporate high-yield bonds while mitigating interest-rate risk. HYGH was launched on May 27, 2014 and is managed by BlackRock.