iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Sees Strong Trading Volume – Here’s What Happened

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) saw unusually-high trading volume on Thursday . Approximately 8,201,921 shares were traded during mid-day 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 Down 1.5 %

The business has a 50 day moving average price of $42.84 and a two-hundred day moving average price of $42.94. The stock has a market cap of $6.26 billion, a P/E ratio of 10.83 and a beta of 0.36.

Hedge Funds Weigh In On iShares 0-5 Year High Yield Corporate Bond ETF

Institutional investors and hedge funds 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 worth $59,000 after acquiring an additional 1,353 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the 4th quarter worth approximately $62,000. Mascagni Wealth Management Inc. purchased a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the 4th quarter worth approximately $69,000. Ameriflex Group Inc. bought a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the fourth quarter valued at approximately $70,000. Finally, Richardson Capital Management LLC increased its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 27.9% during the fourth quarter. Richardson Capital Management LLC now owns 1,969 shares of the company’s stock valued at $84,000 after buying 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.