PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Sets New 12-Month Low – Should You Sell?

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) shares reached a new 52-week low on Tuesday. The stock traded as low as $89.44 and last traded at $89.54, with a volume of 4,774 shares trading hands. The stock had previously closed at $89.52.

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

The firm’s 50 day moving average price is $91.50 and its 200-day moving average price is $92.66.

Institutional Trading of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund

A number of hedge funds have recently bought and sold shares of HYS. Ascentis Independent Advisors acquired a new stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 1st quarter worth $37,000. Bank of New York Mellon Corp increased its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 6.2% during the 1st 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 increased its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 35.7% during the 3rd 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. raised its position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 229.6% during the second quarter. Wellington Altus USA Inc. now owns 880 shares of the company’s stock valued at $82,000 after buying an additional 613 shares during the last quarter. Finally, Financial & Tax Architects LLC raised its position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 1.8% during the third quarter. Financial & Tax Architects LLC now owns 44,599 shares of the company’s stock valued at $4,035,000 after buying an additional 791 shares during the last quarter.

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.