iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Short Interest Down 42.5% in December

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 548,471 shares, a decline of 42.5% from the December 15th total of 953,871 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 1,346,624 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 1,346,624 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the company are sold short.

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

Several hedge funds have recently added to or reduced their stakes in SHYG. RiverFront Investment Group LLC boosted 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 worth $52,498,000 after acquiring an additional 917,031 shares during the period. Bank of New York Mellon Corp raised its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 818,046 shares of the company’s stock valued at $35,291,000 after purchasing an additional 2,795 shares in the last quarter. Ninety One UK Ltd raised its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 43.9% during the third quarter. Ninety One UK Ltd now owns 609,751 shares of the company’s stock valued at $26,402,000 after purchasing an additional 186,000 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings 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 worth $18,710,000 after purchasing an additional 34,416 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 3.4% in the third quarter. JPMorgan Chase & Co. now owns 327,427 shares of the company’s stock worth $14,178,000 after purchasing an additional 10,668 shares during the period.

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

Shares of NYSEARCA:SHYG traded down $0.02 during trading hours on Thursday, hitting $43.03. The stock had a trading volume of 1,270,838 shares, compared to its average volume of 1,098,754. The stock’s fifty day simple moving average is $42.89 and its 200 day simple moving average is $42.99. 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. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 10.74 and a beta of 0.30.

About iShares 0-5 Year High Yield Corporate Bond ETF

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.