iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Stock Falls 0.1% – What’s Next?

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) fell 0.1% during trading on Friday. The stock traded as low as $41.06 and last traded at $41.07. 2,464,787 shares traded hands during trading, an increase of 54% from the average session volume of 1,597,555 shares. The stock had previously closed at $41.13.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Performance

The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of 10.74 and a beta of 0.30. The business has a fifty day moving average of $41.44 and a two-hundred day moving average of $42.17.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Mount Lucas Management LP raised its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 1.3% in the 2nd quarter. Mount Lucas Management LP now owns 52,003 shares of the company’s stock worth $2,205,000 after acquiring an additional 647 shares in the last quarter. Ascentis Independent Advisors bought a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 1st quarter valued at about $42,000. Parallel Advisors LLC boosted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 28.5% during the 1st quarter. Parallel Advisors LLC now owns 10,513 shares of the company’s stock valued at $445,000 after purchasing an additional 2,331 shares in the last quarter. Compass Financial Management LLC bought a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 3rd quarter valued at about $114,000. Finally, S. R. Schill & Associates grew its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 7.8% during the first quarter. S. R. Schill & Associates now owns 53,932 shares of the company’s stock worth $2,282,000 after purchasing an additional 3,903 shares during the period.

About iShares 0-5 Year High Yield Corporate Bond ETF

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.