PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Sees Significant Increase in Short Interest

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 15,937 shares, an increase of 158.6% from the May 14th total of 6,162 shares. Based on an average daily volume of 168,849 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Trading Up 0.0%

HYS stock traded up $0.04 during mid-day trading on Friday, hitting $93.43. 84,740 shares of the stock were exchanged, compared to its average volume of 150,201. The business has a fifty day moving average price of $93.53 and a 200 day moving average price of $94.18. PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund has a 12 month low of $92.29 and a 12 month high of $95.88.

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

Hedge funds have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. lifted its stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 21.0% during the first quarter. Hillsdale Investment Management Inc. now owns 6,925 shares of the company’s stock worth $646,000 after purchasing an additional 1,200 shares during the last quarter. Advisors Preferred LLC bought a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 1st quarter valued at about $2,518,000. Janney Montgomery Scott LLC lifted its stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 156.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 25,996 shares of the company’s stock valued at $2,425,000 after acquiring an additional 15,842 shares during the last quarter. Financial & Tax Architects LLC lifted its stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 7.7% in the 1st quarter. Financial & Tax Architects LLC now owns 39,531 shares of the company’s stock valued at $3,687,000 after acquiring an additional 2,839 shares during the last quarter. Finally, Burns J W & Co. Inc. NY lifted its stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 43.3% in the 1st quarter. Burns J W & Co. Inc. NY now owns 4,690 shares of the company’s stock valued at $437,000 after acquiring an additional 1,417 shares during the last quarter.

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

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.