PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Sees Significant Decrease in Short Interest

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 13,138 shares, a decline of 78.8% from the February 12th total of 61,987 shares. Based on an average daily trading volume, of 108,519 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 108,519 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund

Several institutional investors and hedge funds have recently modified their holdings of HYS. JPMorgan Chase & Co. raised its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 18.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 337,940 shares of the company’s stock worth $32,108,000 after buying an additional 52,679 shares during the period. Financial Management Professionals Inc. raised its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 13.2% during the fourth quarter. Financial Management Professionals Inc. now owns 246,051 shares of the company’s stock worth $23,483,000 after acquiring an additional 28,641 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 14.8% during the third quarter. TD Private Client Wealth LLC now owns 182,180 shares of the company’s stock worth $17,431,000 after acquiring an additional 23,486 shares during the period. Strategic Advocates LLC lifted its position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 31.7% in the 4th quarter. Strategic Advocates LLC now owns 76,100 shares of the company’s stock valued at $7,268,000 after acquiring an additional 18,309 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 73.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 35,800 shares of the company’s stock valued at $3,425,000 after acquiring an additional 15,200 shares in the last quarter.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Stock Performance

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund stock traded down $0.21 during mid-day trading on Wednesday, hitting $93.39. 107,110 shares of the company’s stock were exchanged, compared to its average volume of 168,956. PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund has a fifty-two week low of $86.65 and a fifty-two week high of $95.88. The company’s 50 day simple moving average is $94.73 and its 200-day simple moving average is $94.99.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.59 dividend. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date was Monday, March 2nd.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Company Profile

The PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (HYS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund aims to capture exposure to the short maturity segment of the high-yield corporate bond sector. HYS was launched on Jun 16, 2011 and is managed by PIMCO.