Short Interest in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Increases By 246.7%

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 943,881 shares, a growth of 246.7% from the July 30th total of 272,211 shares. Based on an average daily trading volume, of 1,376,601 shares, the short-interest ratio is presently 0.7 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SHYG. Rossby Financial LCC raised its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 5.5% during the 4th quarter. Rossby Financial LCC now owns 6,247 shares of the company’s stock worth $268,000 after acquiring an additional 324 shares in the last quarter. Parallel Advisors LLC increased its position in iShares 0-5 Year High Yield Corporate Bond ETF by 5.4% in the fourth quarter. Parallel Advisors LLC now owns 8,182 shares of the company’s stock worth $351,000 after purchasing an additional 418 shares during the last quarter. WFA of San Diego LLC increased its position in iShares 0-5 Year High Yield Corporate Bond ETF by 43.3% in the fourth quarter. WFA of San Diego LLC now owns 1,549 shares of the company’s stock worth $66,000 after purchasing an additional 468 shares during the last quarter. Root Financial Partners LLC raised its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 3.7% during the first quarter. Root Financial Partners LLC now owns 14,458 shares of the company’s stock valued at $612,000 after purchasing an additional 513 shares in the last quarter. Finally, Cornerstone Financial Management LLC purchased a new stake in iShares 0-5 Year High Yield Corporate Bond ETF during the fourth quarter valued at $27,000.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Down 0.0%

SHYG stock opened at $42.33 on Thursday. The firm has a market cap of $7.65 billion, a PE ratio of 10.74 and a beta of 0.28. The business has a 50 day moving average of $42.22 and a 200-day moving average of $42.37. iShares 0-5 Year High Yield Corporate Bond ETF has a 12-month low of $41.83 and a 12-month high of $43.39.

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.