Short Interest in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Decreases By 61.6%

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 272,211 shares, a drop of 61.6% from the July 15th total of 709,349 shares. Based on an average daily volume of 1,597,813 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

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

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 31.0% in the first quarter. Bank of New York Mellon Corp now owns 1,149,340 shares of the company’s stock valued at $48,629,000 after acquiring an additional 272,163 shares during the last quarter. Legacy Financial Group LLC grew its stake in 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 valued at $17,836,000 after purchasing an additional 160,814 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 22.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 466,000 shares of the company’s stock valued at $19,977,000 after purchasing an additional 84,500 shares in the last quarter. Virtue Capital Management LLC increased its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 962.2% during the 4th quarter. Virtue Capital Management LLC now owns 79,572 shares of the company’s stock worth $3,414,000 after purchasing an additional 72,081 shares during the last quarter. Finally, FSA Advisors Inc. acquired a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 4th quarter worth approximately $2,029,000.

iShares 0-5 Year High Yield Corporate Bond ETF Trading Up 0.2%

Shares of SHYG opened at $42.26 on Friday. The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of 10.74 and a beta of 0.28. iShares 0-5 Year High Yield Corporate Bond ETF has a 12 month low of $41.83 and a 12 month high of $43.39. The firm has a fifty day simple moving average of $42.23 and a 200 day simple moving average of $42.42.

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.