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

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 29,607 shares, a decline of 43.0% from the July 30th total of 51,946 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 52,770 shares, the short-interest ratio is presently 0.6 days.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

iShares Interest Rate Hedged High Yield Bond ETF stock traded up $0.06 during trading hours on Tuesday, hitting $86.89. The company had a trading volume of 123,967 shares, compared to its average volume of 63,448. The firm has a market cap of $599.54 million, a PE ratio of 10.74 and a beta of 0.27. 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 firm has a 50-day moving average of $86.51 and a 200 day moving average of $86.25.

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

A number of large investors have recently made changes to their positions in HYGH. Northwestern Mutual Wealth Management Co. grew its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 67,808.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,942,942 shares of the company’s stock valued at $598,482,000 after buying an additional 6,932,718 shares in the last quarter. Sigma Planning Corp lifted its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 407.2% during 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 shares of 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 in the last quarter. MinichMacGregor Wealth Management LLC boosted its position in shares of 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 valued at $12,539,000 after acquiring an additional 15,723 shares during the period. Finally, Nations Financial Group Inc. IA ADV boosted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 31.9% in 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 acquiring an additional 7,666 shares during the period.

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.