iShares High Yield Corporate Bond BuyWrite Strategy ETFHYGW
HYGW
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
132% more capital invested
Capital invested by funds: $9.89M [Q2] → $22.9M (+$13M) [Q3]
50% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 4
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
12.5% more ownership
Funds ownership: 17.25% [Q2] → 29.75% (+12.5%) [Q3]
5% more funds holding
Funds holding: 20 [Q2] → 21 (+1) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for HYGW.
Financial journalist opinion
Negative
Seeking Alpha
3 weeks ago
HYGW: Avoid This Amortizing ETF
The iShares High Yield Corporate Bond Buywrite Strategy ETF writes covered calls on the HYG ETF to generate high distributions. The fund's strategy results in capped upside and uncapped downside, causing it to underperform the underlying HYG ETF over the long term. Given the monthly rolling of HYGW's covered calls and current low credit spreads, HYGW is likely to see capital losses as the economy weakens in the coming years.
Positive
Seeking Alpha
3 months ago
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.
Positive
ETF Trends
1 year ago
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.
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