iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Stock Price Down 1.3% – Time to Sell?

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) shares fell 1.3% during trading on Thursday . The company traded as low as $31.88 and last traded at $31.48. 17,706 shares changed 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 Trading Down 1.3 %

The stock has a market capitalization of $223.52 million, a P/E ratio of 10.88 and a beta of 0.27. The business has a fifty day simple moving average of $31.71 and a 200 day simple moving average of $32.12.

Hedge Funds Weigh In On iShares High Yield Corporate Bond BuyWrite Strategy ETF

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

About iShares High Yield Corporate Bond BuyWrite Strategy ETF

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.