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

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 53,170 shares, an increase of 233.6% from the May 31st total of 15,937 shares. Based on an average trading volume of 115,601 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are sold short.

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

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund stock traded up $0.07 during trading on Monday, hitting $93.52. The company’s stock had a trading volume of 449,681 shares, compared to its average volume of 149,356. 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 stock’s fifty day moving average is $93.51 and its 200 day moving average is $94.06.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. WFA of San Diego LLC purchased a new position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 2nd quarter valued at $96,000. CKW Financial Group raised its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 5.6% in the third quarter. CKW Financial Group now owns 4,423 shares of the company’s stock valued at $422,000 after acquiring an additional 234 shares in the last quarter. BNP Paribas Financial Markets grew its stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 73.8% in the third quarter. BNP Paribas Financial Markets now owns 35,800 shares of the company’s stock worth $3,425,000 after purchasing an additional 15,200 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 5.8% in the third quarter. Ameriprise Financial Inc. now owns 124,656 shares of the company’s stock worth $11,857,000 after purchasing an additional 6,822 shares during the period. Finally, Strategic Advocates LLC boosted its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 30.0% in the 3rd quarter. Strategic Advocates LLC now owns 57,791 shares of the company’s stock valued at $5,529,000 after buying an additional 13,347 shares during the period.

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.