iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Sees Strong Trading Volume

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) saw unusually-strong trading volume on Tuesday . Approximately 511,212 shares were traded during mid-day trading, a decline of 63% from the previous session’s volume of 1,380,891 shares.The stock last traded at $42.01 and had previously closed at $41.95.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Up 0.2 %

The company’s fifty day moving average is $42.15 and its 200-day moving average is $42.22.

Institutional Investors Weigh In On iShares 0-5 Year High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. RiverFront Investment Group LLC boosted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 21.0% in the 4th quarter. RiverFront Investment Group LLC now owns 1,019,738 shares of the company’s stock worth $43,053,000 after purchasing an additional 176,686 shares during the period. Ninety One UK Ltd boosted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 307.1% in the 4th quarter. Ninety One UK Ltd now owns 196,200 shares of the company’s stock worth $8,284,000 after purchasing an additional 148,000 shares during the period. BNP Paribas Financial Markets boosted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 40.8% in the 4th quarter. BNP Paribas Financial Markets now owns 479,371 shares of the company’s stock worth $20,239,000 after purchasing an additional 138,859 shares during the period. Waterloo Capital L.P. bought a new position in iShares 0-5 Year High Yield Corporate Bond ETF in the 4th quarter worth approximately $5,120,000. Finally, Graypoint LLC boosted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 47.2% in the 4th quarter. Graypoint LLC now owns 306,499 shares of the company’s stock worth $12,940,000 after purchasing an additional 98,228 shares during the period.

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.