Short Interest in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Expands By 47.0%

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 61,987 shares, an increase of 47.0% from the January 29th total of 42,177 shares. Based on an average daily trading volume, of 192,579 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 192,579 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HYS. IFC & Insurance Marketing Inc. bought a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the fourth quarter worth approximately $31,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 3rd quarter valued at approximately $41,000. Investment Research & Advisory Group Inc. bought a new stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the 4th quarter worth $41,000. CoreCap Advisors LLC increased its position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 3,553.3% in the 3rd quarter. CoreCap Advisors LLC now owns 548 shares of the company’s stock valued at $52,000 after acquiring an additional 533 shares during the period. Finally, WFA of San Diego LLC bought a new position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the second quarter worth about $96,000.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Trading Down 0.3%

NYSEARCA HYS traded down $0.26 during trading hours on Friday, hitting $94.39. The company’s stock had a trading volume of 106,612 shares, compared to its average volume of 166,418. The stock has a fifty day moving average of $94.98 and a 200 day moving average of $95.05. PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund has a twelve month low of $86.65 and a twelve month high of $95.88.

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

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.60 per share. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend was Monday, February 2nd.

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.