iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Stock Short Interest Rises 91.1%

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 1,900,836 shares, an increase of 91.1% from the October 15th total of 994,616 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 1,603,407 shares, the days-to-cover ratio is presently 1.2 days.

iShares 0-5 Year High Yield Corporate Bond ETF Trading Down 0.0%

NYSEARCA SHYG traded down $0.01 during trading on Friday, hitting $40.98. The company had a trading volume of 1,275,452 shares, compared to its average volume of 1,600,508. The company’s fifty day moving average is $41.33 and its 200-day moving average is $42.12. iShares 0-5 Year High Yield Corporate Bond ETF has a one year low of $40.82 and a one year high of $43.14. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 10.74 and a beta of 0.30.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 31.0% in the first quarter. Bank of New York Mellon Corp now owns 1,149,340 shares of the company’s stock worth $48,629,000 after purchasing an additional 272,163 shares during the period. Legacy Financial Group LLC raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 0.4% in the third quarter. Legacy Financial Group LLC now owns 443,049 shares of the company’s stock worth $18,276,000 after purchasing an additional 1,854 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 6.4% in the first quarter. Arkadios Wealth Advisors now owns 150,110 shares of the company’s stock worth $6,351,000 after purchasing an additional 9,058 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 21.3% in the second quarter. Jones Financial Companies Lllp now owns 145,486 shares of the company’s stock worth $6,161,000 after purchasing an additional 25,592 shares in the last quarter. Finally, Atomic Invest LLC lifted its position in iShares 0-5 Year High Yield Corporate Bond ETF by 416.9% during the second quarter. Atomic Invest LLC now owns 106,138 shares of the company’s stock valued at $4,504,000 after buying an additional 85,604 shares during the period.

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.