iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) Short Interest Update

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) saw a significant decrease in short interest during the month of December. As of December 14th, there was short interest totalling 70,786,009 shares, a decrease of 10.5% from the November 30th total of 79,062,456 shares. Based on an average trading volume of 23,132,166 shares, the days-to-cover ratio is currently 3.1 days.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bartlett & Co. LLC increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 1,322.9% during the 4th quarter. Bartlett & Co. LLC now owns 4,980 shares of the exchange traded fund’s stock valued at $404,000 after purchasing an additional 4,630 shares during the period. IFP Advisors Inc increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 1.8% during the 4th quarter. IFP Advisors Inc now owns 44,976 shares of the exchange traded fund’s stock valued at $3,645,000 after purchasing an additional 813 shares during the period. Guidant Wealth Advisors increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 34.6% during the 4th quarter. Guidant Wealth Advisors now owns 19,822 shares of the exchange traded fund’s stock valued at $1,607,000 after purchasing an additional 5,091 shares during the period. Central Bank & Trust Co. increased its position in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 94.6% during the 4th quarter. Central Bank & Trust Co. now owns 142,785 shares of the exchange traded fund’s stock valued at $11,580,000 after purchasing an additional 69,393 shares during the period. Finally, Boston Advisors LLC boosted its stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 11.8% during the 4th quarter. Boston Advisors LLC now owns 2,625 shares of the exchange traded fund’s stock worth $213,000 after acquiring an additional 277 shares in the last quarter.

NYSEARCA:HYG traded up $0.17 during trading hours on Wednesday, reaching $84.11. 18,529,447 shares of the stock were exchanged, compared to its average volume of 30,329,471. iShares iBoxx $ High Yield Corporate Bond ETF has a 52 week low of $79.55 and a 52 week high of $87.90.

The business also recently declared a monthly dividend, which was paid on Monday, December 24th. Stockholders of record on Wednesday, December 19th were given a dividend of $0.3911 per share. This represents a $4.69 dividend on an annualized basis and a dividend yield of 5.58%. This is a boost from iShares iBoxx $ High Yield Corporate Bond ETF’s previous monthly dividend of $0.38. The ex-dividend date of this dividend was Tuesday, December 18th.

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About iShares iBoxx $ High Yield Corporate Bond ETF

iShares iBoxx $ High Yield Corporate Bond ETF (the Fund), formerly iShares iBoxx $ High Yield Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the Index), which is a rules-based index consisting of liquid the United States dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider.

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