iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Stock Short Interest Falls 86.5%

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 1,597 shares, a drop of 86.5% from the September 15th total of 11,848 shares. Based on an average daily trading volume, of 21,036 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

iShares BB Rated Corporate Bond ETF Stock Up 0.1%

Shares of iShares BB Rated Corporate Bond ETF stock traded up $0.06 on Friday, reaching $45.16. The stock had a trading volume of 22,103 shares, compared to its average volume of 84,979. The company has a 50 day moving average price of $46.02 and a 200 day moving average price of $46.41. iShares BB Rated Corporate Bond ETF has a 1 year low of $44.60 and a 1 year high of $47.51. The stock has a market capitalization of $336.44 million, a P/E ratio of 59.99 and a beta of 0.38.

Hedge Funds Weigh In On iShares BB Rated Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its position in shares of iShares BB Rated Corporate Bond ETF by 661.3% during the first quarter. Royal Bank of Canada now owns 1,454 shares of the company’s stock worth $68,000 after purchasing an additional 1,263 shares in the last quarter. IFS Group LLC purchased a new stake in shares of iShares BB Rated Corporate Bond ETF during the 1st quarter valued at $207,000. Keeler Thomas Management LLC acquired a new stake in shares of iShares BB Rated Corporate Bond ETF in the 2nd quarter worth $255,000. Hegarty Advisors LLC boosted its position in shares of iShares BB Rated Corporate Bond ETF by 35.1% in the 1st quarter. Hegarty Advisors LLC now owns 9,829 shares of the company’s stock worth $457,000 after purchasing an additional 2,552 shares in the last quarter. Finally, Fiduciary Financial Group LLC boosted its position in shares of iShares BB Rated Corporate Bond ETF by 7.0% in the 2nd quarter. Fiduciary Financial Group LLC now owns 11,124 shares of the company’s stock worth $520,000 after purchasing an additional 724 shares in the last quarter.

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.