iShares iBoxx $ High Yid Corp Bond (HYG) Sees Significant Increase in Short Interest

iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 58,454,683 shares, an increase of 18.9% from the January 12th total of 49,154,627 shares. Based on an average daily volume of 14,475,013 shares, the short-interest ratio is currently 4.0 days.

A number of institutional investors and hedge funds have recently bought and sold shares of HYG. Ameriprise Financial Inc. lifted its position in iShares iBoxx $ High Yid Corp Bond by 291.0% during the third quarter. Ameriprise Financial Inc. now owns 3,488,463 shares of the exchange traded fund’s stock worth $309,605,000 after purchasing an additional 2,596,169 shares during the period. Dai Ichi Life Insurance Company Ltd lifted its holdings in shares of iShares iBoxx $ High Yid Corp Bond by 50.0% in the third quarter. Dai Ichi Life Insurance Company Ltd now owns 3,030,000 shares of the exchange traded fund’s stock worth $268,943,000 after acquiring an additional 1,010,000 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares iBoxx $ High Yid Corp Bond by 376.5% in the third quarter. JPMorgan Chase & Co. now owns 1,258,825 shares of the exchange traded fund’s stock worth $111,569,000 after acquiring an additional 994,631 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of iShares iBoxx $ High Yid Corp Bond by 83.8% in the third quarter. Neuberger Berman Group LLC now owns 1,663,945 shares of the exchange traded fund’s stock worth $147,691,000 after acquiring an additional 758,577 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of iShares iBoxx $ High Yid Corp Bond by 18.4% in the third quarter. Assetmark Inc. now owns 3,378,605 shares of the exchange traded fund’s stock worth $299,885,000 after acquiring an additional 525,857 shares during the last quarter.

Shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) opened at $84.95 on Monday. iShares iBoxx $ High Yid Corp Bond has a 52-week low of $84.07 and a 52-week high of $89.04. The firm has a market cap of $15,470.00 and a PE ratio of 20.32.

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 7th. Investors of record on Friday, February 2nd were given a dividend of $0.3663 per share. This is a boost from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.36. The ex-dividend date was Thursday, February 1st. This represents a $4.40 annualized dividend and a yield of 5.17%. iShares iBoxx $ High Yid Corp Bond’s dividend payout ratio is currently 106.46%.

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iShares iBoxx $ High Yid Corp Bond Company Profile

iShares iBoxx $ High Yield Corporate Bond ETF (the Fund), formerly iShares iBoxx $ High Yield Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the Index), which is a rules-based index consisting of liquid the United States dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider.

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