PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Stock Short Interest Rises 82.6%

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 29,489 shares, a growth of 82.6% from the September 30th total of 16,148 shares. Based on an average trading volume of 137,801 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund

Several large investors have recently made changes to their positions in the company. Financial & Tax Architects LLC raised its stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 1.8% in the third quarter. Financial & Tax Architects LLC now owns 44,599 shares of the company’s stock valued at $4,035,000 after buying an additional 791 shares during the period. Advisors Preferred LLC acquired a new position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 1st quarter valued at about $2,518,000. Janney Montgomery Scott LLC raised its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 156.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 25,996 shares of the company’s stock valued at $2,425,000 after acquiring an additional 15,842 shares during the period. Arkadios Wealth Advisors raised its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 101.4% in the first quarter. Arkadios Wealth Advisors now owns 23,792 shares of the company’s stock worth $2,219,000 after purchasing an additional 11,979 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 6.2% in the 1st quarter. Bank of New York Mellon Corp now owns 8,413 shares of the company’s stock worth $785,000 after purchasing an additional 491 shares in the last quarter.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Stock Down 0.7%

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund stock traded down $0.66 on Monday, reaching $89.32. 406,368 shares of the stock were exchanged, compared to its average volume of 134,332. The firm has a fifty day moving average price of $91.10 and a two-hundred day moving average price of $92.97. PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund has a twelve month low of $89.29 and a twelve month high of $95.57.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Company Profile

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.