PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS – Get Free Report) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 451,959 shares, a growth of 750.0% from the June 15th total of 53,170 shares. Based on an average trading volume of 126,405 shares, the days-to-cover ratio is currently 3.6 days. Currently, 2.4% of the company’s shares are sold short.
Institutional Investors Weigh In On PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
Institutional investors and hedge funds have recently modified their holdings of the stock. Financial Management Professionals Inc. lifted its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 13.2% in the fourth quarter. Financial Management Professionals Inc. now owns 246,051 shares of the company’s stock worth $23,483,000 after buying an additional 28,641 shares during the period. Advisors Preferred LLC purchased a new position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the 1st quarter worth approximately $2,518,000. Strategic Advocates LLC grew its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 31.7% during the 4th quarter. Strategic Advocates LLC now owns 76,100 shares of the company’s stock worth $7,268,000 after acquiring an additional 18,309 shares during the period. TD Private Client Wealth LLC raised its position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 9.1% in the 4th quarter. TD Private Client Wealth LLC now owns 198,764 shares of the company’s stock worth $18,847,000 after acquiring an additional 16,584 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 156.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 25,996 shares of the company’s stock worth $2,425,000 after acquiring an additional 15,842 shares in the last quarter.
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Stock Performance
NYSEARCA:HYS traded down $0.14 during trading hours on Friday, hitting $92.97. The company had a trading volume of 121,716 shares, compared to its average volume of 146,562. The stock has a 50-day moving average price of $93.33 and a 200 day moving average price of $93.95. PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund has a 52 week low of $92.29 and a 52 week high of $95.88.
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Company Profile
The PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (HYS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund aims to capture exposure to the short maturity segment of the high-yield corporate bond sector. HYS was launched on Jun 16, 2011 and is managed by PIMCO.
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