iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Sees Significant Growth in Short Interest

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

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

Hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC boosted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 3.7% during the first quarter. Root Financial Partners LLC now owns 14,458 shares of the company’s stock worth $612,000 after purchasing an additional 513 shares during the period. 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 purchasing an additional 647 shares in the last quarter. Ascentis Independent Advisors purchased a new position in iShares 0-5 Year High Yield Corporate Bond ETF during the first quarter valued at approximately $42,000. NBT Bank N A NY increased its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 3,551.2% in the 1st quarter. NBT Bank N A NY now owns 1,570 shares of the company’s stock valued at $66,000 after buying an additional 1,527 shares during the period. Finally, Monetary Solutions Ltd acquired a new position in iShares 0-5 Year High Yield Corporate Bond ETF in the 4th quarter valued at approximately $66,000.

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

Shares of SHYG traded down $0.15 during trading hours on Friday, reaching $41.04. 1,877,235 shares of the company’s stock traded hands, compared to its average volume of 1,570,887. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 10.74 and a beta of 0.29. The business’s fifty day simple moving average is $41.76 and its two-hundred day simple moving average is $42.14. iShares 0-5 Year High Yield Corporate Bond ETF has a twelve month low of $40.82 and a twelve month high of $43.31.

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.