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

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 15,439 shares, a decline of 45.6% from the July 15th total of 28,398 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 103,859 shares, the days-to-cover ratio is currently 0.1 days.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Stock Down 0.0%

HYS stock opened at $92.86 on Wednesday. PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund has a 52 week low of $92.00 and a 52 week high of $95.88. The firm’s fifty day moving average is $93.02 and its 200 day moving average is $93.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Hillsdale Investment Management Inc. increased its stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 21.0% in the 1st 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 period. Ascentis Independent Advisors purchased a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the first quarter valued at approximately $37,000. Financial & Tax Architects LLC grew its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 7.7% in the first quarter. Financial & Tax Architects LLC now owns 39,531 shares of the company’s stock worth $3,687,000 after purchasing an additional 2,839 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 156.0% in the first quarter. Janney Montgomery Scott LLC now owns 25,996 shares of the company’s stock worth $2,425,000 after purchasing an additional 15,842 shares during the last quarter. Finally, Burns J W & Co. Inc. NY increased its stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 43.3% in the first quarter. Burns J W & Co. Inc. NY now owns 4,690 shares of the company’s stock worth $437,000 after buying an additional 1,417 shares during the period.

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.