iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) Short Interest Update

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) saw a large increase in short interest in September. As of September 14th, there was short interest totalling 1,281,589 shares, an increase of 67.3% from the August 31st total of 766,148 shares. Based on an average trading volume of 1,127,050 shares, the days-to-cover ratio is currently 1.1 days.

Shares of NYSEARCA SHYG opened at $46.61 on Tuesday. iShares 0-5 Year High Yield Corporate Bond ETF has a 12-month low of $45.93 and a 12-month high of $47.80.

The firm also recently announced a monthly dividend, which was paid on Friday, October 5th. Shareholders of record on Tuesday, October 2nd were paid a dividend of $0.2174 per share. This represents a $2.61 annualized dividend and a yield of 5.60%. The ex-dividend date was Monday, October 1st.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 15.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,169 shares of the company’s stock worth $616,000 after acquiring an additional 1,744 shares during the last quarter. Fisher Asset Management LLC acquired a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the 1st quarter worth $301,000. Assetmark Inc. grew its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 17.3% in the 1st quarter. Assetmark Inc. now owns 1,394,049 shares of the company’s stock worth $65,228,000 after acquiring an additional 205,421 shares during the last quarter. Quattro Financial Advisors LLC grew its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 26.4% in the 2nd quarter. Quattro Financial Advisors LLC now owns 110,013 shares of the company’s stock worth $5,118,000 after acquiring an additional 22,970 shares during the last quarter. Finally, FormulaFolio Investments LLC acquired a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the 2nd quarter worth $9,774,000.

Further Reading: Why do company’s buyback their stock?

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