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

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) fell 1.3% on Thursday . The stock traded as low as $31.88 and last traded at $31.48. 17,706 shares traded hands 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 Stock Performance

The stock has a fifty day simple moving average of $31.70 and a two-hundred day simple moving average of $32.12. The stock has a market cap of $223.29 million, a price-to-earnings ratio of 10.88 and a beta of 0.27.

Institutional Trading of iShares High Yield Corporate Bond BuyWrite Strategy ETF

Large investors have recently bought and sold shares of the business. PSI Advisors LLC bought a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF in the fourth quarter worth about $48,000. First Horizon Advisors Inc. acquired a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF during the 4th quarter worth approximately $58,000. Private Trust Co. NA lifted its stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF by 34.5% in the 4th 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. RiverFront Investment Group LLC acquired a new stake in iShares High Yield Corporate Bond BuyWrite Strategy ETF in the fourth quarter valued at approximately $384,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the fourth 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.