iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Stock Short Interest Rises 272.5%

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 5,949 shares, a growth of 272.5% from the September 30th total of 1,597 shares. Based on an average trading volume of 103,842 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new position in iShares BB Rated Corporate Bond ETF in the 2nd quarter valued at $119,170,000. Valmark Advisers Inc. boosted its stake in shares of iShares BB Rated Corporate Bond ETF by 5.2% during the first quarter. Valmark Advisers Inc. now owns 1,531,588 shares of the company’s stock valued at $71,204,000 after purchasing an additional 75,445 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of iShares BB Rated Corporate Bond ETF during the third quarter valued at about $16,827,000. Confluence Investment Management LLC bought a new stake in shares of iShares BB Rated Corporate Bond ETF during the third quarter worth about $3,828,000. Finally, Bank of America Corp DE grew its holdings in shares of iShares BB Rated Corporate Bond ETF by 77.0% during the first quarter. Bank of America Corp DE now owns 34,887 shares of the company’s stock worth $1,622,000 after purchasing an additional 15,174 shares during the last quarter.

iShares BB Rated Corporate Bond ETF Trading Down 0.0%

Shares of HYBB traded down $0.01 during mid-day trading on Thursday, hitting $45.46. 17,201 shares of the company traded hands, compared to its average volume of 84,831. The business has a 50-day moving average of $45.68 and a 200 day moving average of $46.49. iShares BB Rated Corporate Bond ETF has a one year low of $44.60 and a one year high of $47.47. The stock has a market capitalization of $365.95 million, a price-to-earnings ratio of 59.99 and a beta of 0.38.

iShares BB Rated Corporate Bond ETF Company Profile

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.