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

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) saw a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 244,311 shares, a decrease of 38.4% from the January 29th total of 396,467 shares. Based on an average daily volume of 3,566,827 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 3,566,827 shares, the days-to-cover ratio is currently 0.1 days.

iShares 0-5 Year High Yield Corporate Bond ETF Trading Down 0.2%

NYSEARCA SHYG traded down $0.08 during mid-day trading on Friday, hitting $42.76. The company’s stock had a trading volume of 1,992,440 shares, compared to its average volume of 1,897,152. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 10.74 and a beta of 0.30. The company’s 50 day simple moving average is $42.92 and its 200 day simple moving average is $42.99. iShares 0-5 Year High Yield Corporate Bond ETF has a twelve month low of $40.38 and a twelve month high of $43.39.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Monetary Solutions Ltd acquired a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the 4th quarter worth about $66,000. Virtue Capital Management LLC increased its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 962.2% during the 4th quarter. Virtue Capital Management LLC now owns 79,572 shares of the company’s stock worth $3,414,000 after purchasing an additional 72,081 shares in the last quarter. Cahill Financial Advisors Inc. increased its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 44.3% during the 4th quarter. Cahill Financial Advisors Inc. now owns 6,757 shares of the company’s stock worth $290,000 after purchasing an additional 2,075 shares in the last quarter. WFA of San Diego LLC raised its stake in shares of 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. Finally, Advisory Services Network LLC raised its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 2.5% in the fourth quarter. Advisory Services Network LLC now owns 35,598 shares of the company’s stock worth $1,526,000 after purchasing an additional 865 shares during the last quarter.

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.