iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Trading Up 0.1% – Here’s Why

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) shares rose 0.1% during trading on Thursday . The company traded as high as $42.80 and last traded at $42.79. Approximately 910,852 shares changed hands during trading, an increase of 7% from the average daily volume of 851,290 shares. The stock had previously closed at $42.74.

iShares 0-5 Year High Yield Corporate Bond ETF Trading Up 0.1 %

The firm’s fifty day moving average is $42.92 and its two-hundred day moving average is $42.83.

Hedge Funds Weigh In On iShares 0-5 Year High Yield Corporate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new position in iShares 0-5 Year High Yield Corporate Bond ETF in the 3rd quarter valued at approximately $37,000. Richardson Capital Management LLC grew its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 43.5% in the third quarter. Richardson Capital Management LLC now owns 1,540 shares of the company’s stock valued at $67,000 after purchasing an additional 467 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 27.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,155 shares of the company’s stock valued at $94,000 after purchasing an additional 458 shares during the period. Princeton Global Asset Management LLC bought a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the 3rd quarter valued at $105,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 46.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,055 shares of the company’s stock worth $173,000 after purchasing an additional 1,282 shares in the last quarter.

About iShares 0-5 Year High Yield Corporate Bond ETF

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.