Short Interest in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Expands By 233.6%

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 53,170 shares, an increase of 233.6% from the May 31st total of 15,937 shares. Based on an average daily trading volume, of 115,601 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s shares are short sold.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arkadios Wealth Advisors increased its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 101.4% in the 1st quarter. Arkadios Wealth Advisors now owns 23,792 shares of the company’s stock worth $2,219,000 after acquiring an additional 11,979 shares in the last quarter. Bank of New York Mellon Corp lifted its position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 6.2% during the first quarter. Bank of New York Mellon Corp now owns 8,413 shares of the company’s stock valued at $785,000 after purchasing an additional 491 shares during the last quarter. Advisors Preferred LLC purchased a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the 1st quarter valued at about $2,518,000. Hillsdale Investment Management Inc. lifted its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 21.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 6,925 shares of the company’s stock valued at $646,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Ascentis Independent Advisors purchased a new position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 1st quarter worth approximately $37,000.

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

NYSEARCA HYS opened at $93.45 on Friday. The stock has a 50-day moving average of $93.51 and a 200-day moving average of $94.07. PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund has a 1-year low of $92.29 and a 1-year high of $95.88.

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

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.