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Short interest in the iShares high yield ETF (HYG) hits a record high amid ideas the long...

  • Monday, December 24, 2012, 12:24 PM ET
    Short interest in the iShares high yield ETF (HYG) hits a record high amid ideas the long junk-bond rally is coming to a close. After an impressive multi-year run, BAML's high-yield index yields just 6% and trades at a hefty premium to par. Return YTD: 15.6%.
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    I don't think this is a LT worry for Hi-yield funds. Shorts are in it for a trade - they couldn't hold out having to continue to pay out a high dividend on a monthly basis.
    25 Dec 2012, 12:29 PM Reply Like
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