PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Sees Large Increase in Short Interest

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 53,170 shares, an increase of 233.6% from the May 31st total of 15,937 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 115,601 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund

Institutional investors have recently modified their holdings of the business. Burns J W & Co. Inc. NY boosted its stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 5.1% during the fourth quarter. Burns J W & Co. Inc. NY now owns 3,273 shares of the company’s stock worth $310,000 after buying an additional 158 shares during the period. CKW Financial Group raised its stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 5.6% during the 3rd quarter. CKW Financial Group now owns 4,423 shares of the company’s stock valued at $422,000 after acquiring an additional 234 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the 4th quarter valued at approximately $31,000. Nalls Sherbakoff Group LLC acquired a new stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the 4th quarter worth approximately $33,000. Finally, Ascentis Independent Advisors acquired a new stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the 1st quarter worth approximately $37,000.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Stock Performance

NYSEARCA:HYS opened at $93.52 on Tuesday. 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. The stock’s 50 day moving average price is $93.50 and its 200 day moving average price is $94.05.

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.