iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Short Interest Down 61.6% in July

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 272,211 shares, a decline of 61.6% from the July 15th total of 709,349 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 1,597,813 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. raised its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 4.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 397,693 shares of the company’s stock worth $17,157,000 after acquiring an additional 18,016 shares in the last quarter. WFA of San Diego LLC purchased a new position in iShares 0-5 Year High Yield Corporate Bond ETF in the second quarter valued at approximately $47,000. Captrust Financial Advisors raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 24.8% during the second quarter. Captrust Financial Advisors now owns 7,459 shares of the company’s stock worth $322,000 after purchasing an additional 1,482 shares in the last quarter. Parallel Advisors LLC raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 71.4% during the third quarter. Parallel Advisors LLC now owns 7,764 shares of the company’s stock worth $336,000 after purchasing an additional 3,234 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 10.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,431 shares of the company’s stock worth $322,000 after buying an additional 702 shares during the last quarter.

iShares 0-5 Year High Yield Corporate Bond ETF Price Performance

NYSEARCA:SHYG remained flat at $42.26 during trading hours on Friday. The company had a trading volume of 2,504,670 shares, compared to its average volume of 1,588,483. The company has a market capitalization of $7.64 billion, a PE ratio of 10.74 and a beta of 0.28. The company has a 50-day simple moving average of $42.23 and a two-hundred day simple moving average of $42.42. iShares 0-5 Year High Yield Corporate Bond ETF has a 52-week low of $41.83 and a 52-week high of $43.39.

iShares 0-5 Year High Yield Corporate Bond ETF Company Profile

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.