iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Stock Short Interest Climbs 80.7%

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 620,378 shares, a growth of 80.7% from the September 15th total of 343,400 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,701,352 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On iShares 0-5 Year High Yield Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC boosted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 3.7% in the first quarter. Root Financial Partners LLC now owns 14,458 shares of the company’s stock valued at $612,000 after acquiring an additional 513 shares during the last quarter. Mount Lucas Management LP grew its position in iShares 0-5 Year High Yield Corporate Bond ETF by 1.3% during the second quarter. Mount Lucas Management LP now owns 52,003 shares of the company’s stock valued at $2,205,000 after acquiring an additional 647 shares during the period. Ascentis Independent Advisors acquired a new stake in iShares 0-5 Year High Yield Corporate Bond ETF during the first quarter worth about $42,000. NBT Bank N A NY increased its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 3,551.2% during the first quarter. NBT Bank N A NY now owns 1,570 shares of the company’s stock worth $66,000 after acquiring an additional 1,527 shares during the last quarter. Finally, Monetary Solutions Ltd acquired a new stake in iShares 0-5 Year High Yield Corporate Bond ETF during the fourth quarter worth about $66,000.

iShares 0-5 Year High Yield Corporate Bond ETF Trading Up 0.1%

Shares of NYSEARCA SHYG traded up $0.04 during midday trading on Thursday, reaching $41.10. 166,718 shares of the stock were exchanged, compared to its average volume of 1,564,674. iShares 0-5 Year High Yield Corporate Bond ETF has a 52-week low of $40.82 and a 52-week high of $43.31. The stock has a 50 day moving average price of $41.80 and a 200-day moving average price of $42.15. The company has a market capitalization of $7.61 billion, a P/E ratio of 10.74 and a beta of 0.29.

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.