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Fund Updates

iShares Renames HYGW and Updates Covered Call Strategy

BlackRock will rename the iShares High Yield Corporate Bond BuyWrite Strategy ETF (HYGW) to the iShares HYG Premium Income+ ETF and introduce a revised covered call strategy around Sept. 17, 2026. The fund will track a new Cboe buy-write index that uses four staggered weekly FLEX call option tranches on the iShares iBoxx $ High Yield Corporate Bond ETF (HYG), aiming to increase option premium income. The ETF will continue making monthly distributions, which may include return of capital, and will also change its fiscal year-end to Dec. 31.

At a glance
Beat
Fund Updates
Issuer
iShares
Region
United States
Filed
16 July 2026

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