iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW) Stock Price Down 0.6% – Time to Sell?

iShares High Yield Corporate Bond BuyWrite Strategy ETF (BATS:HYGW)’s share price were down 0.6% during mid-day trading on Wednesday . The stock traded as low as $31.88 and last traded at $31.71. Approximately 17,706 shares traded hands during trading, 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 $32.02 and a 200-day simple moving average of $32.37.

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

Several hedge funds have recently added to or reduced their stakes in HYGW. PSI Advisors LLC acquired a new position in iShares High Yield Corporate Bond BuyWrite Strategy ETF during the fourth quarter valued at approximately $48,000. First Horizon Advisors Inc. bought a new position in shares of iShares High Yield Corporate Bond BuyWrite Strategy ETF during the fourth quarter worth $58,000. Finally, Private Trust Co. NA grew its holdings in shares of 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 buying an additional 582 shares during the period.

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.