iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Short Interest Update

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

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. RiverFront Investment Group LLC boosted its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 305.8% during the 2nd 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 stake 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 worth $26,402,000 after purchasing an additional 186,000 shares during the last quarter. Legacy Financial Group LLC lifted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 62.7% in the fourth quarter. Legacy Financial Group LLC now owns 417,113 shares of the company’s stock worth $17,836,000 after purchasing an additional 160,814 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 22.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 466,000 shares of the company’s stock valued at $19,977,000 after buying an additional 84,500 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 32.1% during the second quarter. JPMorgan Chase & Co. now owns 316,759 shares of the company’s stock valued at $13,665,000 after buying an additional 77,000 shares during the last quarter.

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

Shares of iShares 0-5 Year High Yield Corporate Bond ETF stock opened at $42.84 on Tuesday. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 10.74 and a beta of 0.30. The stock has a 50 day moving average price of $42.94 and a 200-day moving average price of $42.99. iShares 0-5 Year High Yield Corporate Bond ETF has a one year low of $40.38 and a one year 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.