iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) Sets New 12-Month Low – Should You Sell?

iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) shares hit a new 52-week low on Thursday . The company traded as low as $36.39 and last traded at $36.3850, with a volume of 10281211 shares changing hands. The stock had previously closed at $36.53.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

The company’s 50-day moving average price is $36.78 and its 200-day moving average price is $36.92. The firm has a market capitalization of $22.88 billion, a PE ratio of 10.79 and a beta of 0.41.

Institutional Trading of iShares Broad USD High Yield Corporate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of USHY. Strive Financial Group LLC acquired a new position in shares of iShares Broad USD High Yield Corporate Bond ETF during the 2nd quarter worth about $49,000. Continuum Advisory LLC acquired a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the 2nd quarter worth about $79,000. First PREMIER Bank raised its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 8.5% during the 2nd quarter. First PREMIER Bank now owns 18,452 shares of the company’s stock worth $683,000 after acquiring an additional 1,450 shares in the last quarter. USA Financial Formulas purchased a new stake in iShares Broad USD High Yield Corporate Bond ETF during the first quarter worth approximately $208,000. Finally, Ramsey Quantitative Systems purchased a new stake in iShares Broad USD High Yield Corporate Bond ETF during the second quarter worth approximately $333,000.

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.