Short Interest in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Drops By 42.5%

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 548,471 shares, a decrease of 42.5% from the December 15th total of 953,871 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,346,624 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 1,346,624 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SHYG. Dunhill Financial LLC bought a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the 3rd quarter valued at about $26,000. TD Private Client Wealth LLC acquired a new position in iShares 0-5 Year High Yield Corporate Bond ETF in the second quarter valued at approximately $45,000. WFA of San Diego LLC bought a new position in iShares 0-5 Year High Yield Corporate Bond ETF in the second quarter valued at approximately $47,000. Ameriflex Group Inc. increased its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 30.6% in the second quarter. Ameriflex Group Inc. now owns 2,059 shares of the company’s stock valued at $89,000 after purchasing an additional 482 shares during the last quarter. Finally, FWL Investment Management LLC boosted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 1,291.0% during the 2nd quarter. FWL Investment Management LLC now owns 2,156 shares of the company’s stock worth $93,000 after acquiring an additional 2,001 shares during the last quarter.

iShares 0-5 Year High Yield Corporate Bond ETF Trading Up 0.1%

Shares of iShares 0-5 Year High Yield Corporate Bond ETF stock traded up $0.03 during midday trading on Friday, reaching $43.06. The company had a trading volume of 912,584 shares, compared to its average volume of 1,056,050. The stock has a fifty day simple moving average of $42.89 and a 200 day simple moving average of $42.99. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of 10.74 and a beta of 0.30. iShares 0-5 Year High Yield Corporate Bond ETF has a 1-year low of $40.38 and a 1-year high of $43.39.

About iShares 0-5 Year High Yield Corporate Bond ETF

The iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of high-yield USD-denominated bonds with 0-5 years remaining in maturity. SHYG was launched on Oct 15, 2013 and is managed by BlackRock.