iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG – Get Free Report) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 500,965 shares, a drop of 54.5% from the May 14th total of 1,101,484 shares. Based on an average trading volume of 1,253,027 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the stock are short sold.
iShares 0-5 Year High Yield Corporate Bond ETF Stock Performance
iShares 0-5 Year High Yield Corporate Bond ETF stock traded up $0.02 during midday trading on Friday, reaching $42.36. The company’s stock had a trading volume of 899,591 shares, compared to its average volume of 1,652,978. iShares 0-5 Year High Yield Corporate Bond ETF has a fifty-two week low of $41.83 and a fifty-two week high of $43.39. The stock’s 50 day simple moving average is $42.44 and its 200 day simple moving average is $42.64. The firm has a market capitalization of $7.53 billion, a PE ratio of 10.74 and a beta of 0.28.
Institutional Investors Weigh In On iShares 0-5 Year High Yield Corporate Bond ETF
Hedge funds and other institutional investors have recently bought and sold shares of the business. FSA Advisors Inc. acquired a new stake in iShares 0-5 Year High Yield Corporate Bond ETF in the fourth quarter valued at $2,029,000. Sound Income Strategies LLC lifted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 3.5% in the fourth quarter. Sound Income Strategies LLC now owns 1,035,730 shares of the company’s stock valued at $44,588,000 after acquiring an additional 34,667 shares during the period. Argent Advisors Inc. acquired a new stake in iShares 0-5 Year High Yield Corporate Bond ETF in the fourth quarter valued at $603,000. Alexis Investment Partners LLC lifted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 14.7% in the fourth quarter. Alexis Investment Partners LLC now owns 147,810 shares of the company’s stock valued at $6,341,000 after acquiring an additional 18,997 shares during the period. Finally, Financial Gravity Asset Management Inc. lifted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 7.4% in the fourth quarter. Financial Gravity Asset Management Inc. now owns 526,684 shares of the company’s stock valued at $22,579,000 after acquiring an additional 36,272 shares during the period.
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.
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