iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Sees Large Growth in Short Interest

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,101,484 shares, an increase of 63.1% from the April 30th total of 675,389 shares. Based on an average daily volume of 1,356,277 shares, the short-interest ratio is presently 0.8 days. Currently, 0.6% of the company’s shares are short sold.

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

SHYG stock opened at $42.24 on Thursday. iShares 0-5 Year High Yield Corporate Bond ETF has a 52 week low of $41.83 and a 52 week high of $43.39. The firm’s fifty day moving average is $42.41 and its 200 day moving average is $42.66. The firm has a market cap of $7.51 billion, a P/E ratio of 10.74 and a beta of 0.28.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. FSA Advisors Inc. bought a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 4th quarter valued at $2,029,000. Sound Income Strategies LLC grew its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 3.5% in the fourth quarter. Sound Income Strategies LLC now owns 1,035,730 shares of the company’s stock worth $44,588,000 after purchasing an additional 34,667 shares during the last quarter. Waterloo Capital L.P. grew its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 7.2% in the third quarter. Waterloo Capital L.P. now owns 235,112 shares of the company’s stock worth $10,180,000 after purchasing an additional 15,832 shares during the last quarter. Alexis Investment Partners LLC grew its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 14.7% in the fourth quarter. Alexis Investment Partners LLC now owns 147,810 shares of the company’s stock worth $6,341,000 after purchasing an additional 18,997 shares during the last quarter. Finally, Legacy Financial Group LLC grew its holdings in shares of 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 worth $17,836,000 after purchasing an additional 160,814 shares during the last quarter.

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.