Short Interest in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Increases By 173.7%

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 953,871 shares, a growth of 173.7% from the November 30th total of 348,553 shares. Based on an average trading volume of 1,886,649 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 1,886,649 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc lifted its position in iShares 0-5 Year High Yield Corporate Bond ETF by 25.2% during the third quarter. IFP Advisors Inc now owns 27,484 shares of the company’s stock valued at $1,190,000 after acquiring an additional 5,534 shares during the last quarter. S. R. Schill & Associates lifted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 3.0% during the 3rd quarter. S. R. Schill & Associates now owns 50,349 shares of the company’s stock valued at $2,180,000 after purchasing an additional 1,449 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 8.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 432,109 shares of the company’s stock valued at $18,710,000 after purchasing an additional 34,416 shares during the last quarter. One Capital Management LLC boosted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 2.6% in the 3rd quarter. One Capital Management LLC now owns 95,202 shares of the company’s stock worth $4,122,000 after purchasing an additional 2,393 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 10.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,431 shares of the company’s stock worth $322,000 after buying an additional 702 shares during the last quarter.

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

Shares of NYSEARCA SHYG opened at $42.87 on Friday. iShares 0-5 Year High Yield Corporate Bond ETF has a 1-year low of $40.38 and a 1-year high of $43.39. The business has a fifty day moving average price of $42.90 and a 200 day moving average price of $42.97. The stock has a market capitalization of $7.87 billion, a P/E ratio of 10.74 and a beta of 0.30.

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.