iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Short Interest Up 23.1% in January

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 396,467 shares, an increase of 23.1% from the January 15th total of 321,951 shares. Based on an average trading volume of 1,235,343 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 1,235,343 shares, the days-to-cover ratio is currently 0.3 days.

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

NYSEARCA:SHYG opened at $42.85 on Thursday. The business’s fifty day moving average is $42.93 and its 200 day moving average is $42.99. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 10.74 and a beta of 0.30. iShares 0-5 Year High Yield Corporate Bond ETF has a 52-week low of $40.38 and a 52-week high of $43.39.

Institutional Investors Weigh In On iShares 0-5 Year High Yield Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. RiverFront Investment Group LLC boosted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 305.8% during the second quarter. RiverFront Investment Group LLC now owns 1,216,930 shares of the company’s stock worth $52,498,000 after purchasing an additional 917,031 shares during the period. Ninety One UK Ltd lifted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 43.9% in the third quarter. Ninety One UK Ltd now owns 609,751 shares of the company’s stock valued at $26,402,000 after acquiring an additional 186,000 shares during the period. Legacy Financial Group LLC boosted its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 62.7% during the 4th quarter. Legacy Financial Group LLC now owns 417,113 shares of the company’s stock worth $17,836,000 after acquiring an additional 160,814 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 22.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 466,000 shares of the company’s stock valued at $19,977,000 after acquiring an additional 84,500 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 32.1% in the second quarter. JPMorgan Chase & Co. now owns 316,759 shares of the company’s stock valued at $13,665,000 after acquiring an additional 77,000 shares in the last quarter.

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.