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

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 June. As of June 30th, there was short interest totaling 451,959 shares, an increase of 750.0% from the June 15th total of 53,170 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average daily volume of 126,405 shares, the days-to-cover ratio is presently 3.6 days.

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

Shares of HYS stock traded down $0.14 during mid-day trading on Friday, reaching $92.97. 121,716 shares of the company’s stock traded hands, compared to its average volume of 146,562. PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund has a 12 month low of $92.29 and a 12 month high of $95.88. The company’s 50-day moving average price is $93.33 and its 200-day moving average price is $93.95.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of HYS. Burns J W & Co. Inc. NY increased 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 valued at $310,000 after purchasing an additional 158 shares in the last quarter. IFC & Insurance Marketing Inc. bought a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 4th quarter worth approximately $31,000. Nalls Sherbakoff Group LLC bought a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 4th quarter worth approximately $33,000. Ascentis Independent Advisors bought a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 1st quarter worth approximately $37,000. Finally, Investment Research & Advisory Group Inc. purchased a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 4th quarter worth approximately $41,000.

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.