iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Sees Large Growth in Short Interest

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 44,731 shares, a growth of 129.8% from the November 30th total of 19,465 shares. Based on an average daily trading volume, of 55,913 shares, the short-interest ratio is presently 0.8 days. Approximately 0.9% of the company’s stock are sold short. Approximately 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 55,913 shares, the short-interest ratio is presently 0.8 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC acquired a new stake in iShares Interest Rate Hedged High Yield Bond ETF in the third quarter valued at approximately $34,000. Ameritas Advisory Services LLC purchased a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF in the 2nd quarter valued at approximately $53,000. Advisory Services Network LLC purchased a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF in the 3rd quarter valued at approximately $58,000. Chilton Capital Management LLC acquired a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF in the 3rd quarter valued at $112,000. Finally, Advisors Preferred LLC purchased a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF during the 2nd quarter worth $140,000.

iShares Interest Rate Hedged High Yield Bond ETF Trading Down 0.1%

iShares Interest Rate Hedged High Yield Bond ETF stock opened at $86.22 on Friday. The firm has a market capitalization of $431.10 million, a P/E ratio of 10.74 and a beta of 0.28. iShares Interest Rate Hedged High Yield Bond ETF has a twelve month low of $78.23 and a twelve month high of $87.69. The stock’s fifty day simple moving average is $86.12 and its 200-day simple moving average is $86.20.

iShares Interest Rate Hedged High Yield Bond ETF Company Profile

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.