Short Interest in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Decreases By 61.6%

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 272,211 shares, a decline of 61.6% from the July 15th total of 709,349 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 1,597,813 shares, the short-interest ratio is currently 0.2 days.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Mount Lucas Management LP lifted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 1.3% in the 2nd quarter. Mount Lucas Management LP now owns 52,003 shares of the company’s stock valued at $2,205,000 after purchasing an additional 647 shares during the last quarter. Parallel Advisors LLC increased its position in iShares 0-5 Year High Yield Corporate Bond ETF by 28.5% during the first quarter. Parallel Advisors LLC now owns 10,513 shares of the company’s stock worth $445,000 after buying an additional 2,331 shares during the last quarter. Strategic Investment Advisors MI raised its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 27.6% in the first quarter. Strategic Investment Advisors MI now owns 57,224 shares of the company’s stock valued at $2,421,000 after buying an additional 12,381 shares during the period. Arkadios Wealth Advisors raised its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 6.4% in the first quarter. Arkadios Wealth Advisors now owns 150,110 shares of the company’s stock valued at $6,351,000 after buying an additional 9,058 shares during the period. Finally, RMG Wealth Management LLC bought a new stake in iShares 0-5 Year High Yield Corporate Bond ETF in the first quarter valued at approximately $1,220,000.

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

Shares of SHYG stock opened at $42.26 on Friday. The stock has a market cap of $7.64 billion, a P/E ratio of 10.74 and a beta of 0.28. The company has a fifty day moving average price of $42.23 and a two-hundred day moving average price of $42.42. iShares 0-5 Year High Yield Corporate Bond ETF has a one year low of $41.83 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.