Short Interest in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Declines By 30.0%

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 244,300 shares, a decline of 30.0% from the September 30th total of 348,900 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,547,100 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 1,547,100 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

iShares 0-5 Year High Yield Corporate Bond ETF Trading Down 0.8%

Shares of SHYG traded down $0.33 during mid-day trading on Monday, hitting $42.75. 2,441,809 shares of the company’s stock were exchanged, compared to its average volume of 1,652,492. iShares 0-5 Year High Yield Corporate Bond ETF has a fifty-two week low of $40.38 and a fifty-two week high of $43.39. The firm has a market capitalization of $7.78 billion, a P/E ratio of 10.74 and a beta of 0.30. The business’s 50 day moving average is $43.13 and its two-hundred day moving average is $42.84.

Hedge Funds Weigh In On iShares 0-5 Year High Yield Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SHYG. Vantage Financial Partners LLC grew its position in iShares 0-5 Year High Yield Corporate Bond ETF by 2.2% during the first quarter. Vantage Financial Partners LLC now owns 12,500 shares of the company’s stock worth $531,000 after buying an additional 267 shares during the period. Jaffetilchin Investment Partners LLC grew its position in iShares 0-5 Year High Yield Corporate Bond ETF by 1.0% during the second quarter. Jaffetilchin Investment Partners LLC now owns 32,893 shares of the company’s stock worth $1,419,000 after buying an additional 341 shares during the period. Root Financial Partners LLC grew its position in iShares 0-5 Year High Yield Corporate Bond ETF by 2.9% during the third quarter. Root Financial Partners LLC now owns 14,121 shares of the company’s stock worth $611,000 after buying an additional 400 shares during the period. Jackson Creek Investment Advisors LLC grew its position in iShares 0-5 Year High Yield Corporate Bond ETF by 1.0% during the first quarter. Jackson Creek Investment Advisors LLC now owns 48,244 shares of the company’s stock worth $2,051,000 after buying an additional 465 shares during the period. Finally, City Holding Co. grew its position in iShares 0-5 Year High Yield Corporate Bond ETF by 0.5% during the third quarter. City Holding Co. now owns 101,594 shares of the company’s stock worth $4,398,000 after buying an additional 479 shares during the period.

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.