PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Short Interest Up 750.0% in June

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 451,959 shares, a growth of 750.0% from the June 15th total of 53,170 shares. Based on an average daily volume of 126,405 shares, the short-interest ratio is currently 3.6 days. Approximately 2.4% of the company’s shares are short sold.

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

Several institutional investors have recently made changes to their positions in HYS. IFC & Insurance Marketing Inc. acquired a new position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the 4th quarter worth $31,000. Nalls Sherbakoff Group LLC acquired a new position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the fourth quarter valued at 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 during the 1st quarter worth $37,000. Investment Research & Advisory Group Inc. bought a new position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 4th quarter worth $41,000. Finally, WFA of San Diego LLC bought a new stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the second quarter valued at about $96,000.

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

NYSEARCA:HYS opened at $92.97 on Monday. PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund has a 1-year low of $92.29 and a 1-year high of $95.88. The business’s fifty day moving average price is $93.33 and its 200 day moving average price is $93.94.

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.