iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Sees Significant Decline in Short Interest
by Renee Jackson · The Cerbat GemiShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG – Get Free Report) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 317,146 shares, a decline of 36.4% from the March 15th total of 498,811 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,953,178 shares, the days-to-cover ratio is currently 0.2 days.
iShares 0-5 Year High Yield Corporate Bond ETF Stock Up 0.3%
Shares of SHYG stock traded up $0.12 on Tuesday, hitting $42.64. The company had a trading volume of 1,409,283 shares, compared to its average volume of 1,886,397. The firm has a market cap of $7.54 billion, a P/E ratio of 10.74 and a beta of 0.29. The company has a 50-day moving average price of $42.47 and a 200-day moving average price of $42.78. iShares 0-5 Year High Yield Corporate Bond ETF has a twelve month low of $41.47 and a twelve month high of $43.39.
Hedge Funds Weigh In On iShares 0-5 Year High Yield Corporate Bond ETF
Several institutional investors and hedge funds have recently modified their holdings of SHYG. Ninety One UK Ltd increased its holdings in shares of 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 valued at $26,402,000 after purchasing an additional 186,000 shares in the last quarter. Legacy Financial Group LLC increased its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 62.7% during 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 in 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% during the 4th 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 in the last quarter. Virtue Capital Management LLC increased its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 962.2% during the 4th quarter. Virtue Capital Management LLC now owns 79,572 shares of the company’s stock valued at $3,414,000 after purchasing an additional 72,081 shares in the last quarter. Finally, FSA Advisors Inc. purchased a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 4th quarter valued at approximately $2,029,000.
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.