PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS – Get Free Report) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 15,439 shares, a decline of 45.6% from the July 15th total of 28,398 shares. Based on an average trading volume of 103,859 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.
Institutional Trading of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. raised its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 21.0% in the first quarter. Hillsdale Investment Management Inc. now owns 6,925 shares of the company’s stock worth $646,000 after buying an additional 1,200 shares during the period. Ascentis Independent Advisors purchased a new position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the 1st quarter valued at $37,000. Financial & Tax Architects LLC boosted its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 7.7% during the 1st quarter. Financial & Tax Architects LLC now owns 39,531 shares of the company’s stock valued at $3,687,000 after acquiring an additional 2,839 shares during the period. Janney Montgomery Scott LLC grew its position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 156.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 25,996 shares of the company’s stock valued at $2,425,000 after acquiring an additional 15,842 shares during the last quarter. Finally, Burns J W & Co. Inc. NY grew its position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 43.3% in the 1st quarter. Burns J W & Co. Inc. NY now owns 4,690 shares of the company’s stock valued at $437,000 after acquiring an additional 1,417 shares during the last quarter.
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Trading Down 0.1%
Shares of HYS traded down $0.12 during midday trading on Monday, hitting $92.88. The stock had a trading volume of 63,256 shares, compared to its average volume of 138,703. PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund has a 1 year low of $92.00 and a 1 year high of $95.88. The stock’s 50 day moving average is $93.02 and its 200 day moving average is $93.48.
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.
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