Short Interest in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Grows By 130.5%

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 498,811 shares, an increase of 130.5% from the February 26th total of 216,416 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 2,026,674 shares, the days-to-cover ratio is currently 0.2 days.

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

Shares of SHYG traded down $0.25 during mid-day trading on Thursday, hitting $41.97. 1,738,669 shares of the company’s stock were exchanged, compared to its average volume of 1,915,232. iShares 0-5 Year High Yield Corporate Bond ETF has a fifty-two week low of $40.38 and a fifty-two week high of $43.39. The firm has a market capitalization of $7.94 billion, a P/E ratio of 10.74 and a beta of 0.30. The business’s 50 day moving average is $42.69 and its two-hundred day moving average is $42.88.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ninety One UK Ltd lifted its position in iShares 0-5 Year High Yield Corporate Bond ETF by 43.9% during the 3rd quarter. Ninety One UK Ltd now owns 609,751 shares of the company’s stock worth $26,402,000 after acquiring an additional 186,000 shares during the period. Legacy Financial Group LLC grew its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 62.7% in the 4th quarter. Legacy Financial Group LLC now owns 417,113 shares of the company’s stock valued at $17,836,000 after purchasing an additional 160,814 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 22.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 466,000 shares of the company’s stock valued at $19,977,000 after purchasing an additional 84,500 shares during the period. JPMorgan Chase & Co. raised its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 32.1% during the second quarter. JPMorgan Chase & Co. now owns 316,759 shares of the company’s stock worth $13,665,000 after purchasing an additional 77,000 shares during the last quarter. Finally, Virtue Capital Management LLC raised its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 962.2% during the fourth quarter. Virtue Capital Management LLC now owns 79,572 shares of the company’s stock worth $3,414,000 after purchasing an additional 72,081 shares during the last quarter.

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.