iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG – Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 498,811 shares, a growth of 130.5% from the February 26th total of 216,416 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 2,026,674 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On iShares 0-5 Year High Yield Corporate Bond ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dunhill Financial LLC bought a new position in iShares 0-5 Year High Yield Corporate Bond ETF during the 3rd quarter worth about $26,000. Cornerstone Financial Management LLC acquired a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the fourth quarter worth about $27,000. Millstone Evans Group LLC acquired a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the fourth quarter worth about $34,000. WFA of San Diego LLC bought a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the second quarter worth about $47,000. Finally, Monetary Solutions Ltd bought a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the fourth quarter worth about $66,000.
iShares 0-5 Year High Yield Corporate Bond ETF Stock Down 0.2%
iShares 0-5 Year High Yield Corporate Bond ETF stock opened at $41.89 on Friday. The company has a 50 day moving average of $42.65 and a 200-day moving average of $42.87. iShares 0-5 Year High Yield Corporate Bond ETF has a twelve month low of $40.38 and a twelve month high of $43.39. The stock has a market capitalization of $7.93 billion, a PE ratio of 10.74 and a beta of 0.30.
iShares 0-5 Year High Yield Corporate Bond ETF Company Profile
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.
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