iShares iBoxx $ High Yid Corp Bond (HYG) Short Interest Up 18.9% in January

iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 58,454,683 shares, an increase of 18.9% from the January 12th total of 49,154,627 shares. Based on an average trading volume of 14,475,013 shares, the short-interest ratio is presently 4.0 days.

Several hedge funds and other institutional investors have recently modified their holdings of HYG. Guggenheim Capital LLC boosted its position in shares of iShares iBoxx $ High Yid Corp Bond by 105.2% in the fourth quarter. Guggenheim Capital LLC now owns 1,190,735 shares of the exchange traded fund’s stock worth $103,904,000 after buying an additional 23,904,520 shares during the period. Ameriprise Financial Inc. boosted its position in shares of iShares iBoxx $ High Yid Corp Bond by 291.0% in the third quarter. Ameriprise Financial Inc. now owns 3,488,463 shares of the exchange traded fund’s stock worth $309,605,000 after buying an additional 2,596,169 shares during the period. Napier Park Global Capital US LP boosted its position in shares of iShares iBoxx $ High Yid Corp Bond by 101.4% in the fourth quarter. Napier Park Global Capital US LP now owns 34,000 shares of the exchange traded fund’s stock worth $2,966,000 after buying an additional 2,400,000 shares during the period. Liberty Mutual Group Asset Management Inc. purchased a new stake in shares of iShares iBoxx $ High Yid Corp Bond in the fourth quarter worth about $116,064,000. Finally, Dai Ichi Life Insurance Company Ltd boosted its position in shares of iShares iBoxx $ High Yid Corp Bond by 50.0% in the third quarter. Dai Ichi Life Insurance Company Ltd now owns 3,030,000 shares of the exchange traded fund’s stock worth $268,943,000 after buying an additional 1,010,000 shares during the period.

iShares iBoxx $ High Yid Corp Bond (NYSEARCA HYG) traded up $0.15 during mid-day trading on Wednesday, reaching $85.41. The company’s stock had a trading volume of 19,294,785 shares, compared to its average volume of 18,243,613. iShares iBoxx $ High Yid Corp Bond has a 1 year low of $84.07 and a 1 year high of $89.04. The stock has a market capitalization of $15,470.00 and a P/E ratio of 20.40.

The business also recently announced a monthly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Friday, February 2nd were given a $0.3663 dividend. This is an increase from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.36. The ex-dividend date was Thursday, February 1st. This represents a $4.40 annualized dividend and a dividend yield of 5.15%. iShares iBoxx $ High Yid Corp Bond’s dividend payout ratio is presently 106.46%.

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About iShares iBoxx $ High Yid Corp Bond

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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