PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Hits New 52-Week Low – Time to Sell?

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) shares reached a new 52-week low during trading on Monday. The stock traded as low as $89.44 and last traded at $89.6710, with a volume of 83,037 shares traded. The stock had previously closed at $89.63.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Stock Performance

The firm’s 50 day moving average is $91.37 and its 200 day moving average is $92.61.

Hedge Funds Weigh In On PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ascentis Independent Advisors acquired a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 1st quarter worth approximately $37,000. Bank of New York Mellon Corp lifted its position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 6.2% in the first quarter. Bank of New York Mellon Corp now owns 8,413 shares of the company’s stock worth $785,000 after purchasing an additional 491 shares during the period. CoreCap Advisors LLC lifted its position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 35.7% in the third quarter. CoreCap Advisors LLC now owns 2,150 shares of the company’s stock worth $195,000 after purchasing an additional 566 shares during the period. Wellington Altus USA Inc. boosted its stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 229.6% during the 2nd quarter. Wellington Altus USA Inc. now owns 880 shares of the company’s stock valued at $82,000 after purchasing an additional 613 shares in the last quarter. Finally, Financial Management Professionals Inc. bought a new position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the 3rd quarter valued at $57,000.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Company Profile

The PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (HYS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund aims to capture exposure to the short maturity segment of the high-yield corporate bond sector. HYS was launched on Jun 16, 2011 and is managed by PIMCO.