PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Shares Up 0.1% – Time to Buy?

Shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) shot up 0.1% during mid-day trading on Monday . The company traded as high as $93.46 and last traded at $93.31. 28,393 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 144,663 shares. The stock had previously closed at $93.26.

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

The business’s 50-day simple moving average is $92.66 and its 200-day simple moving average is $93.86.

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

A number of hedge funds have recently modified their holdings of the company. NBC Securities Inc. purchased a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 1st quarter worth about $60,000. AdvisorNet Financial Inc purchased a new stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the 1st quarter valued at about $194,000. Navellier & Associates Inc. purchased a new stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the 4th quarter valued at about $206,000. Jones Financial Companies Lllp grew its position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 533.6% during the 4th quarter. Jones Financial Companies Lllp now owns 3,662 shares of the company’s stock valued at $343,000 after purchasing an additional 3,084 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 32.3% during the first quarter. Farther Finance Advisors LLC now owns 4,446 shares of the company’s stock valued at $415,000 after purchasing an additional 1,086 shares during the period.

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.