iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Short Interest Update

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 58,885 shares, an increase of 98.9% from the August 15th total of 29,607 shares. Based on an average trading volume of 52,705 shares, the short-interest ratio is presently 1.1 days. Currently, 0.9% of the shares of the company are short sold.

iShares Interest Rate Hedged High Yield Bond ETF Trading Down 0.2%

Shares of NYSEARCA:HYGH traded down $0.15 during mid-day trading on Tuesday, reaching $86.27. The stock had a trading volume of 12,762 shares, compared to its average volume of 63,202. The business’s 50 day moving average price is $86.50 and its 200 day moving average price is $86.27. iShares Interest Rate Hedged High Yield Bond ETF has a 1 year low of $84.78 and a 1 year high of $87.19. The company has a market cap of $595.23 million, a P/E ratio of 10.74 and a beta of 0.27.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. MinichMacGregor Wealth Management LLC grew its position in iShares Interest Rate Hedged High Yield Bond ETF by 12.0% in the first quarter. MinichMacGregor Wealth Management LLC now owns 146,471 shares of the company’s stock worth $12,539,000 after acquiring an additional 15,723 shares in the last quarter. Sigma Planning Corp raised its stake in iShares Interest Rate Hedged High Yield Bond ETF by 407.2% in the first quarter. Sigma Planning Corp now owns 13,014 shares of the company’s stock worth $1,114,000 after buying an additional 10,448 shares in the last quarter. AXS Investments LLC lifted its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 55.2% during the first quarter. AXS Investments LLC now owns 28,387 shares of the company’s stock worth $2,430,000 after buying an additional 10,091 shares during the period. Nations Financial Group Inc. IA ADV boosted its position in iShares Interest Rate Hedged High Yield Bond ETF by 31.9% during the first quarter. Nations Financial Group Inc. IA ADV now owns 31,720 shares of the company’s stock valued at $2,716,000 after purchasing an additional 7,666 shares in the last quarter. Finally, Blue Capital Inc. raised its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 35.0% during the 1st quarter. Blue Capital Inc. now owns 28,105 shares of the company’s stock worth $2,406,000 after acquiring an additional 7,291 shares in 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.