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

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

iShares High Yield Corporate Bond BuyWrite Strategy ETF Stock Performance

The firm has a market capitalization of $223.29 million, a P/E ratio of 10.88 and a beta of 0.27. The stock has a 50 day moving average of $31.70 and a 200-day moving average of $32.12.

Institutional Inflows and Outflows

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