iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Stock Price Down 1.3% – Here’s Why

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) traded down 1.3% during trading on Thursday . The company traded as low as $31.88 and last traded at $31.48. Approximately 17,706 shares were traded during trading, a decline of 64% from the average session volume of 49,134 shares. The stock had previously closed at $31.89.

iShares High Yield Corporate Bond BuyWrite Strategy ETF Trading Down 1.3 %

The company has a market capitalization of $223.52 million, a PE ratio of 10.88 and a beta of 0.27. The stock’s fifty day moving average is $31.71 and its two-hundred day moving average is $32.12.

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

Several large investors have recently modified their holdings of the stock. Private Trust Co. NA lifted its stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 34.5% in the fourth quarter. Private Trust Co. NA now owns 2,267 shares of the company’s stock valued at $72,000 after purchasing an additional 582 shares during the last quarter. PSI Advisors LLC bought a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the fourth quarter valued at $48,000. First Horizon Advisors Inc. purchased a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 4th quarter valued at $58,000. RiverFront Investment Group LLC bought a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 4th quarter worth $384,000. Finally, JPMorgan Chase & Co. bought a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 4th quarter worth $3,733,000.

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.