Short Interest in PowerShares High Yield Corporate Bond Portfolio (PHB) Declines By 53.4%

PowerShares High Yield Corporate Bond Portfolio (NYSEARCA:PHB) was the recipient of a large decline in short interest in January. As of January 12th, there was short interest totalling 465,308 shares, a decline of 53.4% from the December 29th total of 998,350 shares. Based on an average trading volume of 1,574,741 shares, the short-interest ratio is currently 0.3 days.

Shares of PowerShares High Yield Corporate Bond Portfolio (PHB) opened at $18.85 on Thursday. PowerShares High Yield Corporate Bond Portfolio has a twelve month low of $18.55 and a twelve month high of $19.14.

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Tuesday, January 23rd were issued a dividend of $0.0646 per share. The ex-dividend date of this dividend was Monday, January 22nd. This is an increase from PowerShares High Yield Corporate Bond Portfolio’s previous monthly dividend of $0.06. This represents a $0.78 annualized dividend and a yield of 4.11%.

Hedge funds have recently bought and sold shares of the business. Moller Financial Services increased its holdings in PowerShares High Yield Corporate Bond Portfolio by 8.0% during the 4th quarter. Moller Financial Services now owns 131,677 shares of the company’s stock worth $2,495,000 after purchasing an additional 9,721 shares during the last quarter. Atria Investments LLC increased its holdings in PowerShares High Yield Corporate Bond Portfolio by 6.7% during the 4th quarter. Atria Investments LLC now owns 87,935 shares of the company’s stock worth $1,666,000 after purchasing an additional 5,499 shares during the last quarter. Financial Advisory Service Inc. increased its holdings in PowerShares High Yield Corporate Bond Portfolio by 5.9% during the 4th quarter. Financial Advisory Service Inc. now owns 112,744 shares of the company’s stock worth $2,136,000 after purchasing an additional 6,267 shares during the last quarter. Peachtree Investment Advisors Inc. increased its holdings in PowerShares High Yield Corporate Bond Portfolio by 9.6% during the 4th quarter. Peachtree Investment Advisors Inc. now owns 61,898 shares of the company’s stock worth $1,173,000 after purchasing an additional 5,420 shares during the last quarter. Finally, Portfolio Solutions LLC increased its holdings in PowerShares High Yield Corporate Bond Portfolio by 170.2% during the 4th quarter. Portfolio Solutions LLC now owns 29,853 shares of the company’s stock worth $566,000 after purchasing an additional 18,803 shares during the last quarter.

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