iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Sees Strong Trading Volume – Still a Buy?

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) shares saw strong trading volume on Thursday . 8,201,921 shares traded hands during trading, an increase of 541% from the previous session’s volume of 1,279,641 shares.The stock last traded at $41.89 and had previously closed at $42.42.

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

The firm has a market capitalization of $6.35 billion, a PE ratio of 10.83 and a beta of 0.36. The firm’s 50-day moving average is $42.90 and its 200 day moving average is $42.96.

Institutional Investors Weigh In On iShares 0-5 Year High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB grew its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 3,469.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the company’s stock valued at $59,000 after purchasing an additional 1,353 shares in the last quarter. Park Square Financial Group LLC acquired a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 4th quarter valued at $62,000. Mascagni Wealth Management Inc. bought a new stake in iShares 0-5 Year High Yield Corporate Bond ETF in the fourth quarter worth about $69,000. Ameriflex Group Inc. acquired a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 4th quarter valued at $70,000. Finally, Richardson Capital Management LLC boosted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 27.9% in the 4th quarter. Richardson Capital Management LLC now owns 1,969 shares of the company’s stock valued at $84,000 after purchasing an additional 429 shares during the period.

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.