Short Interest in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Rises By 19.1%

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 15,642 shares, an increase of 19.1% from the February 26th total of 13,138 shares. Based on an average daily volume of 176,174 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

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

Shares of NYSEARCA HYS opened at $93.27 on Wednesday. The firm’s 50-day simple moving average is $94.08 and its 200 day simple moving average is $94.74. PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund has a fifty-two week low of $86.65 and a fifty-two week high of $95.88.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a dividend of $0.59 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date was Monday, March 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Burns J W & Co. Inc. NY raised its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 5.1% during the fourth quarter. Burns J W & Co. Inc. NY now owns 3,273 shares of the company’s stock worth $310,000 after purchasing an additional 158 shares in the last quarter. Strategic Advocates LLC boosted its stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 30.0% during the 3rd quarter. Strategic Advocates LLC now owns 57,791 shares of the company’s stock valued at $5,529,000 after purchasing an additional 13,347 shares in the last quarter. CKW Financial Group boosted its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 5.6% during the third quarter. CKW Financial Group now owns 4,423 shares of the company’s stock worth $422,000 after buying an additional 234 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 18.9% during the third quarter. Hillsdale Investment Management Inc. now owns 5,285 shares of the company’s stock worth $506,000 after buying an additional 840 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 65.1% in the third quarter. Jones Financial Companies Lllp now owns 32,644 shares of the company’s stock worth $3,119,000 after buying an additional 12,867 shares during the last quarter.

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.