Short Interest in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Grows By 47.0%

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 61,987 shares, a growth of 47.0% from the January 29th total of 42,177 shares. Based on an average daily volume of 192,579 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 192,579 shares, the days-to-cover ratio is currently 0.3 days.

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

Several large investors have recently added to or reduced their stakes in HYS. NewSquare Capital LLC raised its position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 23.1% during the 2nd quarter. NewSquare Capital LLC now owns 26,482 shares of the company’s stock worth $2,516,000 after buying an additional 4,978 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 18.5% during the second quarter. JPMorgan Chase & Co. now owns 337,940 shares of the company’s stock valued at $32,108,000 after acquiring an additional 52,679 shares during the period. Hillsdale Investment Management Inc. raised its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 26.8% during the second quarter. Hillsdale Investment Management Inc. now owns 4,445 shares of the company’s stock worth $422,000 after purchasing an additional 940 shares in the last quarter. WFA of San Diego LLC acquired a new position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the 2nd quarter valued at $96,000. Finally, North Dallas Bank & Trust Co. acquired a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the second quarter valued at $1,219,000.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Stock Down 0.1%

HYS stock traded down $0.13 during trading on Tuesday, hitting $93.59. 129,279 shares of the company’s stock traded hands, compared to its average volume of 164,555. PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund has a 52 week low of $86.65 and a 52 week high of $95.88. The stock has a fifty day moving average price of $94.95 and a two-hundred day moving average price of $95.04.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd will be issued a $0.59 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 7.6%.

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.