Short Interest in iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Decreases By 54.5%

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 500,965 shares, a drop of 54.5% from the May 14th total of 1,101,484 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 1,253,027 shares, the days-to-cover ratio is presently 0.4 days.

iShares 0-5 Year High Yield Corporate Bond ETF Trading Up 0.2%

Shares of SHYG stock traded up $0.07 during trading hours on Monday, hitting $42.43. 1,577,038 shares of the company’s stock were exchanged, compared to its average volume of 1,652,306. The company has a market capitalization of $7.54 billion, a PE ratio of 10.74 and a beta of 0.28. iShares 0-5 Year High Yield Corporate Bond ETF has a 12-month low of $41.83 and a 12-month high of $43.39. The business’s 50 day simple moving average is $42.44 and its 200-day simple moving average is $42.64.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. FSA Advisors Inc. bought a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the fourth quarter worth approximately $2,029,000. Argent Advisors Inc. bought a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the fourth quarter worth approximately $603,000. Sound Income Strategies LLC grew its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 3.5% in the fourth quarter. Sound Income Strategies LLC now owns 1,035,730 shares of the company’s stock worth $44,588,000 after purchasing an additional 34,667 shares during the last quarter. Alexis Investment Partners LLC grew its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 14.7% in the fourth quarter. Alexis Investment Partners LLC now owns 147,810 shares of the company’s stock worth $6,341,000 after purchasing an additional 18,997 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. grew its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 7.4% in the fourth quarter. Financial Gravity Asset Management Inc. now owns 526,684 shares of the company’s stock worth $22,579,000 after purchasing an additional 36,272 shares during the last quarter.

About iShares 0-5 Year High Yield Corporate Bond ETF

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.