PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Sees Strong Trading Volume – Still a Buy?

Shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYSGet Free Report) saw an uptick in trading volume on Monday . 350,364 shares traded hands during trading, an increase of 167% from the previous session’s volume of 131,217 shares.The stock last traded at $91.90 and had previously closed at $91.79.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Trading Up 0.1%

The business has a 50-day simple moving average of $92.61 and a two-hundred day simple moving average of $93.11.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Strategic Advocates LLC lifted its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 31.7% during the 4th quarter. Strategic Advocates LLC now owns 76,100 shares of the company’s stock valued at $7,268,000 after purchasing an additional 18,309 shares during the last quarter. Financial & Tax Architects LLC raised its position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 7.7% in the first quarter. Financial & Tax Architects LLC now owns 39,531 shares of the company’s stock valued at $3,687,000 after purchasing an additional 2,839 shares during the period. Advisors Preferred LLC bought a new position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the first quarter valued at about $2,518,000. Janney Montgomery Scott LLC lifted its stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 156.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 25,996 shares of the company’s stock worth $2,425,000 after buying an additional 15,842 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 101.4% during the 1st quarter. Arkadios Wealth Advisors now owns 23,792 shares of the company’s stock worth $2,219,000 after buying an additional 11,979 shares during the last quarter.

About PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund

(Get Free Report)

The PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (HYS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund aims to capture exposure to the short maturity segment of the high-yield corporate bond sector. HYS was launched on Jun 16, 2011 and is managed by PIMCO.

Further Reading

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