iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG – Get Free Report) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 272,211 shares, a decline of 61.6% from the July 15th total of 709,349 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 1,597,813 shares, the days-to-cover ratio is currently 0.2 days.
iShares 0-5 Year High Yield Corporate Bond ETF Price Performance
SHYG stock remained flat at $42.26 during midday trading on Friday. The company’s stock had a trading volume of 2,504,670 shares, compared to its average volume of 1,588,483. The stock’s fifty day moving average price is $42.23 and its 200 day moving average price is $42.42. iShares 0-5 Year High Yield Corporate Bond ETF has a 12 month low of $41.83 and a 12 month high of $43.39. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 10.74 and a beta of 0.28.
Institutional Investors Weigh In On iShares 0-5 Year High Yield Corporate Bond ETF
Several large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 31.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,149,340 shares of the company’s stock worth $48,629,000 after acquiring an additional 272,163 shares during the period. Legacy Financial Group LLC grew its position in 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 worth $17,836,000 after purchasing an additional 160,814 shares during the last quarter. Loomis Sayles & Co. L P increased its stake 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. Virtue Capital Management LLC increased its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 962.2% in the fourth 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 during the period. Finally, FSA Advisors Inc. bought a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the fourth 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.
Featured Stories
- Five stocks we like better than iShares 0-5 Year High Yield Corporate Bond ETF
- The Metals Company’s Big Bet Now Comes Down to a License
- OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
- Meta and Tesla Are Rebounding From Oversold Levels—Now What?
- AMG’s Alternatives Boom Powers Record Growth
Receive News & Ratings for iShares 0-5 Year High Yield Corporate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares 0-5 Year High Yield Corporate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
