iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Sees Strong Trading Volume – Here’s What Happened

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) saw an uptick in trading volume on Tuesday . 4,653,612 shares were traded during mid-day trading, an increase of 247% from the previous session’s volume of 1,340,326 shares.The stock last traded at $42.7750 and had previously closed at $42.88.

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

The firm has a market capitalization of $8.09 billion, a PE ratio of 10.74 and a beta of 0.30. The company’s fifty day simple moving average is $42.94 and its 200 day simple moving average is $43.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. RiverFront Investment Group LLC raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 305.8% during the 2nd quarter. RiverFront Investment Group LLC now owns 1,216,930 shares of the company’s stock valued at $52,498,000 after acquiring an additional 917,031 shares during the period. Sound Income Strategies LLC grew its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 3.5% in the fourth quarter. Sound Income Strategies LLC now owns 1,035,730 shares of the company’s stock valued at $44,588,000 after purchasing an additional 34,667 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 818,046 shares of the company’s stock valued at $35,291,000 after purchasing an additional 2,795 shares during the period. Ninety One UK Ltd lifted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 43.9% during the 3rd quarter. Ninety One UK Ltd now owns 609,751 shares of the company’s stock worth $26,402,000 after purchasing an additional 186,000 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 8.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 432,109 shares of the company’s stock worth $18,710,000 after purchasing an additional 34,416 shares in the last quarter.

iShares 0-5 Year High Yield Corporate Bond ETF Company Profile

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.