iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Short Interest Update

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 943,881 shares, an increase of 246.7% from the July 30th total of 272,211 shares. Based on an average daily volume of 1,376,601 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.5% of the shares of the company are short sold.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Performance

Shares of NYSEARCA:SHYG opened at $42.27 on Friday. The company’s 50-day moving average is $42.22 and its 200 day moving average is $42.37. The company has a market capitalization of $7.64 billion, a P/E ratio of 10.74 and a beta of 0.28. iShares 0-5 Year High Yield Corporate Bond ETF has a fifty-two week low of $41.83 and a fifty-two week high of $43.39.

Institutional Trading of iShares 0-5 Year High Yield Corporate Bond ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 31.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,149,340 shares of the company’s stock valued at $48,629,000 after acquiring an additional 272,163 shares during the period. Financial Gravity Asset Management Inc. raised its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 7.4% in the 4th quarter. Financial Gravity Asset Management Inc. now owns 526,684 shares of the company’s stock worth $22,579,000 after purchasing an additional 36,272 shares during the period. Loomis Sayles & Co. L P raised its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 22.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 466,000 shares of the company’s stock worth $19,977,000 after purchasing an additional 84,500 shares during the period. Ameriprise Financial Inc. lifted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 8.7% in the third quarter. Ameriprise Financial Inc. now owns 432,109 shares of the company’s stock valued at $18,710,000 after purchasing an additional 34,416 shares during the last quarter. Finally, Legacy Financial Group LLC lifted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 62.7% in the fourth quarter. Legacy Financial Group LLC now owns 417,113 shares of the company’s stock valued at $17,836,000 after purchasing an additional 160,814 shares during the last quarter.

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.