iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Short Interest Update

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,943 shares, a decline of 60.9% from the April 30th total of 4,967 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 41,363 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On iShares High Yield Corporate Bond BuyWrite Strategy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of HYGW. JPMorgan Chase & Co. grew its holdings in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 47.0% during the second quarter. JPMorgan Chase & Co. now owns 194,549 shares of the company’s stock worth $5,955,000 after buying an additional 62,234 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% during the fourth quarter. Private Trust Co. NA now owns 2,104 shares of the company’s stock worth $63,000 after buying an additional 657 shares in the last quarter. RiverFront Investment Group LLC grew its holdings in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 96.2% during the fourth quarter. RiverFront Investment Group LLC now owns 69,757 shares of the company’s stock worth $2,083,000 after buying an additional 34,201 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the fourth quarter worth about $500,000. Finally, Arax Advisory Partners purchased a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the fourth quarter worth about $337,000.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Performance

Shares of HYGW opened at $29.19 on Monday. The stock has a market cap of $218.93 million, a P/E ratio of 10.56 and a beta of 0.24. The company has a 50-day moving average of $29.17 and a two-hundred day moving average of $29.63. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a 12-month low of $28.84 and a 12-month high of $30.75.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Company Profile

The iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) is an exchange-traded fund that is based on the Cboe HYG BuyWrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares High Yield Corporate Bond ETF and writing one-month call options against the shares. HYGW was launched on Aug 18, 2022 and is managed by BlackRock.