iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Sees Large Increase in Short Interest

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 10,585 shares, a growth of 444.8% from the May 14th total of 1,943 shares. Based on an average daily trading volume, of 26,339 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Up 0.2%

Shares of BATS HYGW opened at $28.92 on Wednesday. iShares High Yield Corporate Bond BuyWrite Strategy ETF has a 52-week low of $28.83 and a 52-week high of $30.68. The firm has a fifty day moving average of $29.11 and a 200-day moving average of $29.58. The stock has a market capitalization of $216.90 million, a PE ratio of 10.56 and a beta of 0.24.

Institutional Trading of iShares High Yield Corporate Bond BuyWrite Strategy ETF

Institutional investors have recently modified their holdings of the company. Private Trust Co. NA grew its holdings in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF by 45.4% during the 4th quarter. Private Trust Co. NA now owns 2,104 shares of the company’s stock worth $63,000 after purchasing an additional 657 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 1st quarter worth about $251,000. Arax Advisory Partners purchased a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 4th quarter worth about $337,000. Arkadios Wealth Advisors purchased a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 4th quarter worth about $500,000. Finally, RiverFront Investment Group LLC grew 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 worth $2,083,000 after purchasing an additional 34,201 shares during the period.

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.