iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Sees Significant Drop in Short Interest

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 548,471 shares, a drop of 42.5% from the December 15th total of 953,871 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 1,346,624 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 1,346,624 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

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

Shares of SHYG stock traded down $0.02 during trading hours on Thursday, reaching $43.03. 1,270,838 shares of the stock traded hands, compared to its average volume of 1,098,754. The firm has a market capitalization of $8.06 billion, a PE ratio of 10.74 and a beta of 0.30. iShares 0-5 Year High Yield Corporate Bond ETF has a 1-year low of $40.38 and a 1-year high of $43.39. The business has a fifty day moving average price of $42.89 and a 200 day moving average price of $42.99.

Institutional Trading of iShares 0-5 Year High Yield Corporate Bond ETF

A number of hedge funds have recently modified their holdings of SHYG. RiverFront Investment Group LLC boosted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 305.8% in the second quarter. RiverFront Investment Group LLC now owns 1,216,930 shares of the company’s stock worth $52,498,000 after buying an additional 917,031 shares during the period. Janney Montgomery Scott LLC raised its position in iShares 0-5 Year High Yield Corporate Bond ETF by 474.8% during the second quarter. Janney Montgomery Scott LLC now owns 231,390 shares of the company’s stock valued at $9,982,000 after buying an additional 191,135 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 3rd quarter. Ninety One UK Ltd now owns 609,751 shares of the company’s stock worth $26,402,000 after acquiring an additional 186,000 shares in the last quarter. JPMorgan Chase & Co. boosted its position in iShares 0-5 Year High Yield Corporate Bond ETF by 32.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 316,759 shares of the company’s stock worth $13,665,000 after acquiring an additional 77,000 shares during the period. Finally, Alexis Investment Partners LLC acquired a new stake in iShares 0-5 Year High Yield Corporate Bond ETF during the 2nd quarter worth about $3,044,000.

About iShares 0-5 Year High Yield Corporate Bond ETF

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.