iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Short Interest Up 642.4% in June

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 29,986 shares, an increase of 642.4% from the June 15th total of 4,039 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 28,823 shares, the days-to-cover ratio is presently 1.0 days.

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

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 47.0% in the second quarter. JPMorgan Chase & Co. now owns 194,549 shares of the company’s stock worth $5,955,000 after acquiring an additional 62,234 shares in the last quarter. RiverFront Investment Group LLC lifted its holdings in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 96.2% during the 4th quarter. RiverFront Investment Group LLC now owns 69,757 shares of the company’s stock valued at $2,083,000 after acquiring an additional 34,201 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 4th quarter valued at $500,000. Arax Advisory Partners purchased a new stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 4th quarter worth $337,000. Finally, Janney Montgomery Scott LLC purchased a new stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 1st quarter worth $251,000.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Price Performance

BATS HYGW opened at $28.97 on Friday. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a 1-year low of $28.83 and a 1-year high of $30.46. The firm has a market capitalization of $217.28 million, a P/E ratio of 10.56 and a beta of 0.24. The business’s 50-day simple moving average is $29.01 and its 200-day simple moving average is $29.42.

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.