iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Sees Large Volume Increase – What’s Next?

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) saw unusually-strong trading volume on Tuesday . Approximately 2,634,209 shares traded hands during mid-day trading, an increase of 89% from the previous session’s volume of 1,395,103 shares.The stock last traded at $41.65 and had previously closed at $41.54.

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

The firm’s 50 day simple moving average is $42.55 and its two-hundred day simple moving average is $42.83. The stock has a market cap of $6.32 billion, a P/E ratio of 10.83 and a beta of 0.36.

Institutional Trading of iShares 0-5 Year High Yield Corporate Bond ETF

Several hedge funds have recently bought and sold shares of the company. Ninety One UK Ltd lifted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 17.7% in the fourth quarter. Ninety One UK Ltd now owns 423,751 shares of the company’s stock worth $18,056,000 after purchasing an additional 63,779 shares during the period. Ameriprise Financial Inc. raised its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 6.3% during the 4th quarter. Ameriprise Financial Inc. now owns 314,795 shares of the company’s stock worth $13,413,000 after buying an additional 18,662 shares in the last quarter. Bartlett & CO. Wealth Management LLC lifted its position in iShares 0-5 Year High Yield Corporate Bond ETF by 0.6% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 303,830 shares of the company’s stock worth $12,946,000 after purchasing an additional 1,807 shares during the period. RiverFront Investment Group LLC boosted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 15.9% during the fourth quarter. RiverFront Investment Group LLC now owns 278,320 shares of the company’s stock valued at $11,859,000 after buying an additional 38,221 shares in the last quarter. Finally, Waterloo Capital L.P. grew its position in iShares 0-5 Year High Yield Corporate Bond ETF by 13.3% in the fourth quarter. Waterloo Capital L.P. now owns 215,053 shares of the company’s stock worth $9,163,000 after buying an additional 25,240 shares during 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.