iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) Sees Large Volume Increase – Should You Buy?

Shares of iShares BB Rated Corporate Bond ETF (NYSEARCA:HYBB) saw an uptick in trading volume on Tuesday . 88,836 shares traded hands during mid-day trading, a decline of 0% from the previous session’s volume of 89,263 shares.The stock last traded at $46.94 and had previously closed at $46.99.

iShares BB Rated Corporate Bond ETF Trading Up 0.3%

The stock has a market capitalization of $532.32 million, a P/E ratio of 59.99 and a beta of 0.39. The stock’s fifty day moving average price is $46.76 and its two-hundred day moving average price is $47.02.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HYBB. CWM LLC increased its stake in shares of iShares BB Rated Corporate Bond ETF by 45.3% in the fourth quarter. CWM LLC now owns 892 shares of the company’s stock worth $42,000 after buying an additional 278 shares during the period. IFP Advisors Inc increased its stake in shares of iShares BB Rated Corporate Bond ETF by 29.8% in the third quarter. IFP Advisors Inc now owns 1,298 shares of the company’s stock worth $61,000 after buying an additional 298 shares during the period. Bank of America Corp DE increased its stake in shares of iShares BB Rated Corporate Bond ETF by 12.2% in the second quarter. Bank of America Corp DE now owns 3,392 shares of the company’s stock worth $159,000 after buying an additional 369 shares during the period. Osaic Holdings Inc. increased its stake in shares of iShares BB Rated Corporate Bond ETF by 12.4% in the fourth quarter. Osaic Holdings Inc. now owns 3,991 shares of the company’s stock worth $188,000 after buying an additional 440 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new position in shares of iShares BB Rated Corporate Bond ETF in the fourth quarter worth $228,000.

iShares BB Rated Corporate Bond ETF Company Profile

The iShares BB Rated Corporate Bond ETF (HYBB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that only includes bonds with a credit rating of BB. HYBB was launched on Oct 6, 2020 and is managed by BlackRock.