iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Short Interest Update

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 522,423 shares, a decline of 44.7% from the August 15th total of 943,881 shares. Based on an average daily trading volume, of 1,002,713 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are short sold.

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

SHYG stock traded down $0.07 during trading on Tuesday, reaching $41.70. The company had a trading volume of 1,213,152 shares, compared to its average volume of 1,542,412. iShares 0-5 Year High Yield Corporate Bond ETF has a 52 week low of $41.70 and a 52 week high of $43.39. The company has a market cap of $7.53 billion, a P/E ratio of 10.74 and a beta of 0.28. The business has a 50 day moving average of $42.14 and a 200 day moving average of $42.30.

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

Several large investors have recently made changes to their positions in the business. Parallel Advisors LLC increased its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 5.4% in the 4th quarter. Parallel Advisors LLC now owns 8,182 shares of the company’s stock worth $351,000 after purchasing an additional 418 shares in the last quarter. Root Financial Partners LLC grew its holdings in 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 valued at $612,000 after purchasing an additional 513 shares during the period. Cornerstone Financial Management LLC bought a new stake in iShares 0-5 Year High Yield Corporate Bond ETF during the fourth quarter valued at about $27,000. Mount Lucas Management LP grew its holdings 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 during the period. Finally, Ascentis Independent Advisors purchased a new stake in iShares 0-5 Year High Yield Corporate Bond ETF in the first quarter worth about $42,000.

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.