iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Sees Unusually-High Trading Volume – What’s Next?

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) shares saw unusually-high trading volume on Tuesday . Approximately 4,653,612 shares were traded during mid-day trading, an increase of 247% from the previous session’s volume of 1,340,326 shares.The stock last traded at $42.7750 and had previously closed at $42.88.

iShares 0-5 Year High Yield Corporate Bond ETF Trading Down 0.2%

The stock’s 50 day moving average is $42.96 and its two-hundred day moving average is $43.00. The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of 10.74 and a beta of 0.30.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Dunhill Financial LLC acquired a new stake in iShares 0-5 Year High Yield Corporate Bond ETF during the 3rd quarter valued at $26,000. Millstone Evans Group LLC bought a new position in iShares 0-5 Year High Yield Corporate Bond ETF in the 4th quarter valued at about $34,000. WFA of San Diego LLC acquired a new stake in iShares 0-5 Year High Yield Corporate Bond ETF during the second quarter worth approximately $47,000. FWL Investment Management LLC boosted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 1,291.0% during the second quarter. FWL Investment Management LLC now owns 2,156 shares of the company’s stock worth $93,000 after acquiring an additional 2,001 shares during the period. Finally, GoalVest Advisory LLC bought a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the second quarter worth approximately $113,000.

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.