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 significant growth in short interest in December. As of December 15th, there was short interest totaling 953,871 shares, a growth of 173.7% from the November 30th total of 348,553 shares. Based on an average daily volume of 1,886,649 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.5% of the company’s shares are sold short. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 1,886,649 shares, the days-to-cover ratio is currently 0.5 days.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Up 0.0%

NYSEARCA SHYG traded up $0.01 on Friday, hitting $42.87. The company’s stock had a trading volume of 720,108 shares, compared to its average volume of 1,653,274. The company’s 50-day moving average is $42.91 and its 200 day moving average is $42.96. The firm has a market cap of $7.87 billion, a PE 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.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in SHYG. RiverFront Investment Group LLC increased its position in iShares 0-5 Year High Yield Corporate Bond ETF by 305.8% during the 2nd quarter. RiverFront Investment Group LLC now owns 1,216,930 shares of the company’s stock valued at $52,498,000 after purchasing an additional 917,031 shares during the period. Janney Montgomery Scott LLC grew its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 474.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 231,390 shares of the company’s stock worth $9,982,000 after acquiring an additional 191,135 shares during the period. Ninety One UK Ltd raised its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 43.9% in the 3rd quarter. Ninety One UK Ltd now owns 609,751 shares of the company’s stock worth $26,402,000 after acquiring an additional 186,000 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 32.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 316,759 shares of the company’s stock worth $13,665,000 after acquiring an additional 77,000 shares in the last quarter. Finally, Alexis Investment Partners LLC acquired a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the 2nd quarter valued at about $3,044,000.

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.