iShares High Yield Corporate Bond BuyWrite Strategy ETF
HYGW

$32.78

0.15%

Market Cap: $74.7M

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

5% more funds holding

Funds holding: 19 [Q1] → 20 (+1) [Q2]

3.15% less ownership

Funds ownership: 20.4% [Q1] → 17.25% (-3.15%) [Q2]

24% less capital invested

Capital invested by funds: $13M [Q1] → $9.89M (-$3.13M) [Q2]

29% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 7

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Research analyst outlook

We haven’t received any recent analyst ratings for HYGW.

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Financial journalist opinion

HYGW: Covered Call High-Yield Bond ETF, Outstanding 13.3% Yield, Declining Share Price And Distributions

HYGW offers a strong 13.3% distribution yield by investing in high-yield corporate bonds and writing covered calls. The fund's strategy works best when high-yield rates are flat or increasing, worst when these decrease. At current rates and spreads, I do not foresee any significant decrease in high-yield rates moving forward.

HYGW: Covered Call High-Yield Bond ETF, Outstanding 13.3% Yield, Declining Share Price And Distributions

Recapping BlackRock's Strong Fixed Income Flows

The U.S. ETF industry continues to evolve. In the first 10 months of 2023, fixed income ETFs gathered more than 40% share of the net inflows, despite representing just 20% share of the market.

Recapping BlackRock's Strong Fixed Income Flows

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