iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) Short Interest Down 58.8% in February

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 336,504 shares, a decrease of 58.8% from the February 15th total of 816,794 shares. Based on an average daily volume of 332,805 shares, the short-interest ratio is currently 1.0 days.

Several large investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 43.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 24,038 shares of the company’s stock worth $1,132,000 after purchasing an additional 7,331 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in iShares 0-5 Year High Yield Corporate Bond ETF in the third quarter worth about $722,000. FTB Advisors Inc. raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 155.8% in the third quarter. FTB Advisors Inc. now owns 4,885 shares of the company’s stock worth $230,000 after purchasing an additional 2,975 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 287,522 shares of the company’s stock worth $13,537,000 after purchasing an additional 1,816 shares in the last quarter. Finally, Fairview Capital Investment Management LLC raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 33.4% in the third quarter. Fairview Capital Investment Management LLC now owns 89,572 shares of the company’s stock worth $4,217,000 after purchasing an additional 22,439 shares in the last quarter.

Shares of NYSEARCA:SHYG opened at $46.62 on Thursday. iShares 0-5 Year High Yield Corporate Bond ETF has a 1 year low of $43.84 and a 1 year high of $47.13.

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 7th. Investors of record on Monday, March 4th were issued a dividend of $0.2017 per share. The ex-dividend date was Friday, March 1st. This represents a $2.42 annualized dividend and a dividend yield of 5.19%.

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See Also: Outstanding Shares, Buying and Selling Stocks

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