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 large growth in short interest in the month of September. As of September 15th, there was short interest totaling 26,393 shares, a growth of 195.2% from the August 31st total of 8,942 shares. Based on an average daily volume of 84,049 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

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

HYS stock remained flat at $91.05 during trading hours on Friday. The company’s stock had a trading volume of 104,601 shares, compared to its average volume of 132,979. The firm’s 50 day simple moving average is $92.46 and its 200-day simple moving average is $93.04. PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund has a 52-week low of $90.79 and a 52-week high of $95.88.

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

Large investors have recently made changes to their positions in the stock. Advisors Preferred LLC acquired a new stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 1st quarter valued at about $2,518,000. Strategic Advocates LLC raised its stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 31.7% in the fourth quarter. Strategic Advocates LLC now owns 76,100 shares of the company’s stock valued at $7,268,000 after buying an additional 18,309 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 156.0% in the first quarter. Janney Montgomery Scott LLC now owns 25,996 shares of the company’s stock valued at $2,425,000 after buying an additional 15,842 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 101.4% in the first quarter. Arkadios Wealth Advisors now owns 23,792 shares of the company’s stock valued at $2,219,000 after buying an additional 11,979 shares during the last quarter. Finally, North Dallas Bank & Trust Co. bought a new position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the 4th quarter worth approximately $674,000.

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.