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

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 15,937 shares, an increase of 158.6% from the May 14th total of 6,162 shares. Based on an average daily trading volume, of 168,849 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

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

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund stock traded up $0.04 during midday trading on Friday, hitting $93.43. 84,740 shares of the company’s stock were exchanged, compared to its average volume of 150,201. 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 has a 50-day moving average price of $93.53 and a two-hundred day moving average price of $94.18.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HYS. WFA of San Diego LLC purchased a new position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the second quarter worth about $96,000. Hillsdale Investment Management Inc. boosted its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 18.9% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 5,285 shares of the company’s stock worth $506,000 after purchasing an additional 840 shares in the last quarter. CKW Financial Group boosted its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 5.6% in the 3rd quarter. CKW Financial Group now owns 4,423 shares of the company’s stock worth $422,000 after purchasing an additional 234 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 73.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 35,800 shares of the company’s stock worth $3,425,000 after purchasing an additional 15,200 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 5.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 124,656 shares of the company’s stock worth $11,857,000 after purchasing an additional 6,822 shares in the last quarter.

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

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.