Short Interest in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Expands By 342.2%

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 190,634 shares, a growth of 342.2% from the February 26th total of 43,107 shares. Based on an average daily volume of 111,148 shares, the days-to-cover ratio is presently 1.7 days. Approximately 3.7% of the shares of the stock are sold short. Approximately 3.7% of the shares of the stock are sold short. Based on an average daily volume of 111,148 shares, the days-to-cover ratio is presently 1.7 days.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

Shares of NYSEARCA:HYGH opened at $85.30 on Wednesday. The firm has a market cap of $443.56 million, a price-to-earnings ratio of 10.74 and a beta of 0.28. The firm has a fifty day moving average price of $86.17 and a 200 day moving average price of $86.20. iShares Interest Rate Hedged High Yield Bond ETF has a fifty-two week low of $78.23 and a fifty-two week high of $87.19.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HYGH. Northwestern Mutual Wealth Management Co. grew its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 67,808.3% during 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. Live Oak Investment Partners purchased a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF during the 4th quarter worth approximately $3,433,000. Jane Street Group LLC raised its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 291.4% during the 1st quarter. Jane Street Group LLC now owns 44,532 shares of the company’s stock worth $3,794,000 after acquiring an additional 33,154 shares in the last quarter. AdvisorNet Financial Inc boosted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 42.8% during the 4th quarter. AdvisorNet Financial Inc now owns 76,090 shares of the company’s stock valued at $6,559,000 after acquiring an additional 22,809 shares during the last quarter. Finally, Blue Capital Inc. bought a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF during the 2nd quarter valued at approximately $1,767,000.

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.