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) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 522,423 shares, a drop of 44.7% from the August 15th total of 943,881 shares. Based on an average trading volume of 1,002,713 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the company are short sold.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Down 0.2%

NYSEARCA:SHYG traded down $0.07 during trading hours on Tuesday, hitting $41.70. 1,213,152 shares of the stock traded hands, compared to its average volume of 1,542,412. The company has a market cap of $7.53 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 1 year low of $41.70 and a 1 year high of $43.39. The stock has a 50 day moving average price of $42.14 and a 200 day moving average price of $42.30.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SHYG. Parallel Advisors LLC raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 5.4% during the fourth quarter. Parallel Advisors LLC now owns 8,182 shares of the company’s stock valued at $351,000 after acquiring an additional 418 shares during the period. Root Financial Partners LLC boosted its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 3.7% in the first quarter. Root Financial Partners LLC now owns 14,458 shares of the company’s stock worth $612,000 after acquiring an additional 513 shares during the period. Cornerstone Financial Management LLC bought a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the fourth quarter worth about $27,000. Mount Lucas Management LP grew its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 1.3% during the second quarter. Mount Lucas Management LP now owns 52,003 shares of the company’s stock worth $2,205,000 after purchasing an additional 647 shares in the last quarter. Finally, Ascentis Independent Advisors purchased a new position in iShares 0-5 Year High Yield Corporate Bond ETF in the 1st quarter worth approximately $42,000.

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.