iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Reaches New 52-Week Low – Should You Sell?

by · The Cerbat Gem

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $41.83 and last traded at $41.8250, with a volume of 85711 shares changing hands. The stock had previously closed at $41.92.

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

The business’s fifty day moving average is $42.16 and its 200-day moving average is $42.32. The firm has a market cap of $7.56 billion, a P/E ratio of 10.74 and a beta of 0.28.

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

A number of hedge funds have recently made changes to their positions in SHYG. Ameriprise Financial Inc. lifted its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 4.7% in the second quarter. Ameriprise Financial Inc. now owns 397,693 shares of the company’s stock worth $17,157,000 after acquiring an additional 18,016 shares during the period. WFA of San Diego LLC acquired a new stake in iShares 0-5 Year High Yield Corporate Bond ETF during the 2nd quarter valued at approximately $47,000. Captrust Financial Advisors raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 24.8% during the 2nd quarter. Captrust Financial Advisors now owns 7,459 shares of the company’s stock worth $322,000 after purchasing an additional 1,482 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 71.4% in the 3rd quarter. Parallel Advisors LLC now owns 7,764 shares of the company’s stock worth $336,000 after purchasing an additional 3,234 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 10.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,431 shares of the company’s stock worth $322,000 after purchasing an additional 702 shares during the period.

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

(Get Free Report)

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.

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