Short Interest in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Increases By 246.7%

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 943,881 shares, an increase of 246.7% from the July 30th total of 272,211 shares. Based on an average daily volume of 1,376,601 shares, the short-interest ratio is presently 0.7 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. FSA Advisors Inc. bought a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the fourth quarter valued at approximately $2,029,000. Financial Gravity Asset Management Inc. boosted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 7.4% during the 4th quarter. Financial Gravity Asset Management Inc. now owns 526,684 shares of the company’s stock worth $22,579,000 after acquiring an additional 36,272 shares during the last quarter. Argent Advisors Inc. purchased a new position in iShares 0-5 Year High Yield Corporate Bond ETF during the 4th quarter worth $603,000. Bank of New York Mellon Corp grew its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 31.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,149,340 shares of the company’s stock worth $48,629,000 after acquiring an additional 272,163 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the 1st quarter worth $1,254,000.

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

SHYG stock opened at $42.33 on Thursday. The company has a market cap of $7.65 billion, a P/E ratio of 10.74 and a beta of 0.28. iShares 0-5 Year High Yield Corporate Bond ETF has a fifty-two week low of $41.83 and a fifty-two week high of $43.39. The stock’s 50 day simple moving average is $42.22 and its 200 day simple moving average is $42.37.

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.