iShares iBoxx $ High Yid Corp Bond (HYG) Short Interest Up 10.9% in August

iShares iBoxx $ High Yid Corp Bond (NYSE:HYG) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 47,229,595 shares, an increase of 10.9% from the August 15th total of 42,598,499 shares. Based on an average daily trading volume, of 10,228,386 shares, the days-to-cover ratio is currently 4.6 days.

Large investors have recently added to or reduced their stakes in the business. Adventist Health System Sunbelt Healthcare Corp acquired a new stake in iShares iBoxx $ High Yid Corp Bond during the 2nd quarter valued at approximately $51,061,000. Ray Gerald L & Associates Ltd. increased its position in iShares iBoxx $ High Yid Corp Bond by 2.1% during the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 53,842 shares of the exchange traded fund’s stock valued at $4,759,000 after purchasing an additional 1,119 shares during the period. WBI Investments Inc. increased its position in iShares iBoxx $ High Yid Corp Bond by 105.8% during the 2nd quarter. WBI Investments Inc. now owns 1,243,119 shares of the exchange traded fund’s stock valued at $109,880,000 after purchasing an additional 639,193 shares during the period. AEGON USA Investment Management LLC increased its position in iShares iBoxx $ High Yid Corp Bond by 100.0% during the 2nd quarter. AEGON USA Investment Management LLC now owns 175,444 shares of the exchange traded fund’s stock valued at $15,507,000 after purchasing an additional 87,739 shares during the period. Finally, Regal Wealth Group Inc. increased its position in iShares iBoxx $ High Yid Corp Bond by 45.1% during the 2nd quarter. Regal Wealth Group Inc. now owns 52,845 shares of the exchange traded fund’s stock valued at $4,671,000 after purchasing an additional 16,426 shares during the period.

iShares iBoxx $ High Yid Corp Bond (NYSE HYG) opened at 88.45 on Thursday. The firm has a 50-day moving average of $88.08 and a 200-day moving average of $87.93. iShares iBoxx $ High Yid Corp Bond has a 52 week low of $83.24 and a 52 week high of $89.04.

The company also recently announced a monthly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, September 6th were given a dividend of $0.3703 per share. This represents a $4.44 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend was Friday, September 1st. This is an increase from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.37.

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iShares iBoxx $ High Yid Corp Bond Company Profile

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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