iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Short Interest Update

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 317,146 shares, a decline of 36.4% from the March 15th total of 498,811 shares. Based on an average trading volume of 1,953,178 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

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

SHYG stock traded down $0.02 during midday trading on Wednesday, reaching $42.62. 1,478,909 shares of the company’s stock traded hands, compared to its average volume of 1,880,656. The company has a 50-day moving average price of $42.47 and a two-hundred day moving average price of $42.78. iShares 0-5 Year High Yield Corporate Bond ETF has a 52 week low of $41.47 and a 52 week high of $43.39. The firm has a market capitalization of $7.54 billion, a PE ratio of 10.74 and a beta of 0.29.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 3.5% during the 4th quarter. Sound Income Strategies LLC now owns 1,035,730 shares of the company’s stock valued at $44,588,000 after acquiring an additional 34,667 shares during the period. Bank of New York Mellon Corp raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 877,177 shares of the company’s stock valued at $37,605,000 after acquiring an additional 11,676 shares during the period. Ninety One UK Ltd raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 43.9% during the 3rd quarter. Ninety One UK Ltd now owns 609,751 shares of the company’s stock valued at $26,402,000 after acquiring an additional 186,000 shares during the period. Financial Gravity Asset Management Inc. raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 7.4% during the 4th quarter. Financial Gravity Asset Management Inc. now owns 526,684 shares of the company’s stock valued at $22,579,000 after acquiring an additional 36,272 shares during the period. Finally, Loomis Sayles & Co. L P raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 22.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 466,000 shares of the company’s stock valued at $19,977,000 after acquiring an additional 84,500 shares during the period.

About iShares 0-5 Year High Yield Corporate Bond ETF

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.