PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Short Interest Up 89.1% in August

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 29,193 shares, an increase of 89.1% from the July 30th total of 15,439 shares. Based on an average trading volume of 103,744 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HYS. Arkadios Wealth Advisors grew its stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 101.4% in the first quarter. Arkadios Wealth Advisors now owns 23,792 shares of the company’s stock valued at $2,219,000 after buying an additional 11,979 shares in the last quarter. Advisors Preferred LLC acquired a new position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the 1st quarter worth about $2,518,000. 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 1st quarter. Hillsdale Investment Management Inc. now owns 6,925 shares of the company’s stock worth $646,000 after acquiring an additional 1,200 shares in the last quarter. Ascentis Independent Advisors purchased a new position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the 1st quarter valued at about $37,000. Finally, Financial & Tax Architects LLC boosted its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 7.7% during 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 period.

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

Shares of HYS stock traded down $0.02 during trading hours on Friday, hitting $92.98. The company had a trading volume of 118,938 shares, compared to its average volume of 135,545. The company’s fifty day moving average is $92.95 and its 200 day moving average is $93.38. PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund has a fifty-two week low of $92.00 and a fifty-two week high of $95.88.

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.