iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) Hits New 52-Week Low – Should You Sell?

iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $36.23 and last traded at $36.2450, with a volume of 1611872 shares trading hands. The stock had previously closed at $36.41.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

The firm has a market cap of $22.75 billion, a P/E ratio of 10.79 and a beta of 0.41. The business’s 50-day simple moving average is $36.70 and its 200 day simple moving average is $36.86.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Strive Financial Group LLC bought a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the 2nd quarter valued at about $49,000. Continuum Advisory LLC bought a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the 2nd quarter worth approximately $79,000. First PREMIER Bank boosted its holdings in shares of iShares Broad USD High Yield Corporate Bond ETF by 8.5% in the second quarter. First PREMIER Bank now owns 18,452 shares of the company’s stock worth $683,000 after buying an additional 1,450 shares during the last quarter. Ramsey Quantitative Systems purchased a new position in shares of iShares Broad USD High Yield Corporate Bond ETF in the second quarter worth approximately $333,000. Finally, Financial Management Professionals Inc. grew its position in iShares Broad USD High Yield Corporate Bond ETF by 764,789.1% during the second quarter. Financial Management Professionals Inc. now owns 703,698 shares of the company’s stock valued at $26,051,000 after buying an additional 703,606 shares during the period.

iShares Broad USD High Yield Corporate Bond ETF Company Profile

The iShares Broad USD High Yield Corporate Bond ETF (USHY) is an exchange-traded fund that is based on the ICE BofA US High Yield Constrained index. The fund tracks a market value-weighted index of USD-denominated high yield corporate debt with broad maturities. USHY was launched on Oct 25, 2017 and is managed by BlackRock.