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iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW)

High Yield Bond | Exchange Traded Fund | Cboe US
28.96 USD -0.05 (-0.172%) ⇩ (Aug. 28, 2026, 3:59 p.m. EDT)
After hours: 28.96

Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:★★★⯪☆
Hot Take | Aug. 22, 2026, 2:03 a.m. EDT

The most critical observation is the severe structural deterioration of the underlying asset class over the past three years. While the headline yield is attractive at 9.27%, the price action tells a different story: the security has lost nearly 24% of its value over the last three years, with every single year showing a negative return. This consistent annual decline suggests the market is pricing in significant credit risks or a secular shift in the high-yield bond environment that outweighs the income generated. For a short-term trader, the technical setup is flat and range-bound, offering no clear directional edge despite the high-yield theme being popular in headlines. The statistical forecast model indicates a slight downward bias for the coming month, reinforcing the lack of immediate bullish momentum. Consequently, while the income stream is robust, the capital preservation risk is elevated, making this a speculative hold rather than a core investment.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.003078
MSTL0.006254
AutoARIMA0.006591
AutoETS0.007357

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 83%
H-stat 1.04
Ljung-Box p 0.000
Jarque-Bera p 0.610
Excess Kurtosis 0.01
Attribute Value
Trailing P/E 10.00

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.67% 10.15% 12.06%
Dividend History
Date Dividend Yield %
2026-08-04 0.193 0.667820
2026-07-02 0.172 0.594744
2026-06-02 0.230 0.795022
2026-05-04 0.330 1.140093
2026-04-02 0.472 1.622551
2026-03-03 0.189 0.638298
2026-02-03 0.220 0.737513
2025-12-23 0.237 0.795836
2025-12-02 0.240 0.803751
2025-11-04 0.281 0.938857
2025-10-02 0.268 0.889597
2025-09-03 0.160 0.530680
2025-08-04 0.298 0.990691
2025-07-02 0.419 1.386499
2025-06-03 0.387 1.275544
2025-05-02 0.560 1.830664
2025-04-02 0.351 1.123919
2025-03-04 0.210 0.664557
2025-02-04 0.330 1.041667
2024-12-20 0.358 1.125786
2024-12-03 0.243 0.751856
2024-11-04 0.207 0.643057
2024-10-02 0.313 0.963373
2024-09-04 0.224 0.687644
2024-08-02 0.280 0.864731
2024-07-02 0.361 1.112138
2024-06-04 0.381 1.169070
2024-05-02 0.323 0.984756
2024-04-02 0.395 1.192633
2024-03-04 0.424 1.271746
2024-02-02 0.396 1.186055
2023-12-22 0.547 1.636745
2023-12-04 0.229 0.678720
2023-11-02 0.413 1.234310
2023-10-03 0.362 1.077060
2023-09-05 0.393 1.128662
2023-08-02 0.242 0.688282
2023-07-05 0.495 1.409453
2023-06-02 0.450 1.269752
2023-05-02 0.401 1.124825
2023-04-04 0.858 2.395711
2023-03-02 0.380 1.048276
2023-02-02 0.576 1.545894
2022-12-23 0.599 1.638627
2022-12-02 0.490 1.322002
2022-11-02 0.698 1.898545
2022-10-04 0.787 2.099787
2022-09-02 0.586 1.530426
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 9.27

Info Dump

Attribute Value
All Time High 39.96
All Time Low 28.79
Ask 29.5
Ask Size 800
Average Daily Volume10 Day 15,470
Average Daily Volume3 Month 24,874
Average Volume 24,874
Average Volume10Days 15,470
Beta3 Year 0.3
Bid 27.93
Bid Size 100
Category High Yield Bond
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 28.98
Day Low 28.94
Dividend Yield 9.27
Eps Trailing Twelve Months 2.8966484
Esg Populated 0
Exchange BTS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 28.95
Fifty Day Average Change 0.0099983215
Fifty Day Average Change Percent 0.00034536514
Fifty Two Week Change Percent -4.232806
Fifty Two Week High 30.456
Fifty Two Week High Change -1.4960003
Fifty Two Week High Change Percent -0.049120054
Fifty Two Week Low 28.79
Fifty Two Week Low Change 0.16999817
Fifty Two Week Low Change Percent 0.0059047644
Fifty Two Week Range 28.79 - 30.456
First Trade Date Milliseconds 1,661,175,000,000
Full Exchange Name Cboe US
Fullday Change -0.050001144
Fullday Change Percent -0.1723583
Fullday Price 28.96
Fund Family iShares
Fund Inception Date 1,660,780,800
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund will seek to write call options up to (but not exceeding) the full amount of shares of the underlying fund held in the fund (i.e., the short position in the call option is offset, or “covered,” by the long position the fund holds in shares of the underlying fund). The underlying index utilizes “European-style” call options.
Long Name iShares High Yield Corporate Bond Buywrite Strategy ETF
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_1780838005
Nav Price 28.99087
Net Assets 112,059,328.0
Net Expense Ratio 0.69
Open 28.92
Phone 415-670-2000
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 28.96
Post Market Time 1,787,959,806
Previous Close 29.01
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.0500011
Regular Market Change Percent -0.172358
Regular Market Day High 28.98
Regular Market Day Low 28.94
Regular Market Day Range 28.94 - 28.98
Regular Market Open 28.92
Regular Market Previous Close 29.01
Regular Market Price 28.96
Regular Market Time 1,787,947,186
Regular Market Volume 10,682
Short Name iShares High Yield Corporate Bo
Source Interval 15
Symbol HYGW
Three Year Average Return 0.0580328
Total Assets 112,059,328
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 9.997761
Trailing Peg Ratio None
Trailing Three Month Nav Returns 1.19498
Trailing Three Month Returns 1.19498
Triggerable 1
Two Hundred Day Average 29.40758
Two Hundred Day Average Change -0.44758034
Two Hundred Day Average Change Percent -0.015219897
Type Disp ETF
Volume 10,682
Yield 0.092700005
Ytd Return 2.4517