PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Sees Significant Increase in Short Interest

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 26,393 shares, a growth of 195.2% from the August 31st total of 8,942 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 84,049 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund

A number of institutional investors and hedge funds have recently made changes to their positions in HYS. Nalls Sherbakoff Group LLC purchased a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the fourth quarter worth approximately $33,000. Ascentis Independent Advisors purchased a new position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the first quarter valued at approximately $37,000. Continuum Advisory LLC purchased a new position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the second quarter valued at approximately $78,000. Wellington Altus USA Inc. grew its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 229.6% during the second quarter. Wellington Altus USA Inc. now owns 880 shares of the company’s stock worth $82,000 after buying an additional 613 shares in the last quarter. Finally, CoreCap Advisors LLC grew its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 80.4% during the second quarter. CoreCap Advisors LLC now owns 1,584 shares of the company’s stock worth $148,000 after buying an additional 706 shares in the last quarter.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Stock Performance

HYS remained flat at $91.05 during trading on Friday. 104,601 shares of the company’s stock traded hands, compared to its average volume of 132,979. PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund has a 1 year low of $90.79 and a 1 year high of $95.88. The firm’s fifty day moving average price is $92.46 and its 200 day moving average price is $93.04.

About PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund

The PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (HYS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund aims to capture exposure to the short maturity segment of the high-yield corporate bond sector. HYS was launched on Jun 16, 2011 and is managed by PIMCO.