iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Short Interest Update

iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 96,939 shares, a decline of 60.1% from the July 30th total of 243,242 shares. Based on an average trading volume of 292,300 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of iShares BB Rated Corporate Bond ETF during the 2nd quarter worth about $119,170,000. Stifel Financial Corp raised its position in shares of iShares BB Rated Corporate Bond ETF by 44.5% in the fourth quarter. Stifel Financial Corp now owns 1,416,283 shares of the company’s stock valued at $66,749,000 after buying an additional 435,895 shares during the last quarter. Benjamin Edwards Inc. raised its position in shares of iShares BB Rated Corporate Bond ETF by 47.9% in the fourth quarter. Benjamin Edwards Inc. now owns 1,081,255 shares of the company’s stock valued at $50,959,000 after buying an additional 349,980 shares during the last quarter. Valmark Advisers Inc. lifted 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 buying an additional 75,445 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of iShares BB Rated Corporate Bond ETF by 793.4% during the fourth quarter. Jane Street Group LLC now owns 39,365 shares of the company’s stock valued at $1,855,000 after buying an additional 34,959 shares during the period.

iShares BB Rated Corporate Bond ETF Stock Down 0.2%

Shares of HYBB traded down $0.08 during trading hours on Friday, reaching $46.58. 10,409 shares of the company traded hands, compared to its average volume of 91,370. The stock has a market capitalization of $428.54 million, a PE ratio of 59.99 and a beta of 0.37. iShares BB Rated Corporate Bond ETF has a fifty-two week low of $45.92 and a fifty-two week high of $47.51. The stock has a fifty day simple moving average of $46.55 and a 200 day simple moving average of $46.69.

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.