Short Interest in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Drops By 38.4%

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 244,311 shares, a decline of 38.4% from the January 29th total of 396,467 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 3,566,827 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 3,566,827 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of iShares 0-5 Year High Yield Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in SHYG. Rossby Financial LCC lifted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 5.5% during the fourth quarter. Rossby Financial LCC now owns 6,247 shares of the company’s stock valued at $268,000 after purchasing an additional 324 shares during the last quarter. Jaffetilchin Investment Partners LLC increased its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 1.0% in the second quarter. Jaffetilchin Investment Partners LLC now owns 32,893 shares of the company’s stock valued at $1,419,000 after acquiring an additional 341 shares during the last quarter. Root Financial Partners LLC lifted its position in iShares 0-5 Year High Yield Corporate Bond ETF by 2.9% in the 3rd quarter. Root Financial Partners LLC now owns 14,121 shares of the company’s stock worth $611,000 after buying an additional 400 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 5.4% in the fourth quarter. Parallel Advisors LLC now owns 8,182 shares of the company’s stock worth $351,000 after buying an additional 418 shares during the period. Finally, WFA of San Diego LLC grew its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 43.3% in the fourth quarter. WFA of San Diego LLC now owns 1,549 shares of the company’s stock worth $66,000 after purchasing an additional 468 shares during the last quarter.

iShares 0-5 Year High Yield Corporate Bond ETF Trading Down 0.6%

Shares of SHYG traded down $0.26 during trading hours on Monday, reaching $42.51. The stock had a trading volume of 2,537,538 shares, compared to its average volume of 1,910,849. The firm has a 50-day simple moving average of $42.92 and a 200 day simple moving average of $42.98. iShares 0-5 Year High Yield Corporate Bond ETF has a 12 month low of $40.38 and a 12 month high of $43.39. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 10.74 and a beta of 0.30.

About iShares 0-5 Year High Yield Corporate Bond ETF

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.