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 large drop in short interest during the month of March. As of March 31st, there was short interest totaling 317,146 shares, a drop of 36.4% from the March 15th total of 498,811 shares. Based on an average daily trading volume, of 1,953,178 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

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

SHYG traded down $0.02 during trading on Thursday, reaching $42.60. 236,180 shares of the company’s stock were exchanged, compared to its average volume of 1,856,882. iShares 0-5 Year High Yield Corporate Bond ETF has a 1 year low of $41.55 and a 1 year high of $43.39. The stock has a market capitalization of $7.53 billion, a P/E ratio of 10.74 and a beta of 0.29. The company’s fifty day simple moving average is $42.47 and its 200-day simple moving average is $42.78.

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

Several institutional investors have recently made changes to their positions in SHYG. Dunhill Financial LLC purchased a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 3rd quarter valued at approximately $26,000. Cornerstone Financial Management LLC purchased a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 4th quarter valued at approximately $27,000. Millstone Evans Group LLC purchased a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 4th quarter valued at approximately $34,000. WFA of San Diego LLC purchased a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 2nd quarter valued at approximately $47,000. Finally, Monetary Solutions Ltd purchased a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 4th quarter valued at approximately $66,000.

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.