iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) Shares Down 0.9% – Here’s Why

iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)’s stock price dropped 0.9% during mid-day trading on Tuesday . The company traded as low as $36.57 and last traded at $36.59. Approximately 10,717,975 shares were traded during trading, a decline of 20% from the average session volume of 13,372,873 shares. The stock had previously closed at $36.92.

iShares Broad USD High Yield Corporate Bond ETF Stock Down 0.9%

The firm has a market cap of $23.02 billion, a PE ratio of 10.79 and a beta of 0.41. The firm has a 50-day moving average price of $36.84 and a two-hundred day moving average price of $36.97.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in USHY. Amicus Financial Advisors LLC purchased a new position in iShares Broad USD High Yield Corporate Bond ETF during the 4th quarter valued at about $8,684,000. TD Private Client Wealth LLC raised its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 1,870.6% in the fourth quarter. TD Private Client Wealth LLC now owns 31,155 shares of the company’s stock valued at $1,165,000 after acquiring an additional 29,574 shares in the last quarter. Sumitomo Life Insurance Co. boosted its stake in shares of iShares Broad USD High Yield Corporate Bond ETF by 15.8% in the 4th quarter. Sumitomo Life Insurance Co. now owns 754,000 shares of the company’s stock valued at $28,196,000 after buying an additional 102,800 shares during the period. Collaborative Fund Advisors LLC acquired a new stake in iShares Broad USD High Yield Corporate Bond ETF in the first quarter valued at approximately $1,576,000. Finally, One Capital Management LLC raised its holdings in iShares Broad USD High Yield Corporate Bond ETF by 11.1% in the fourth quarter. One Capital Management LLC now owns 2,341,985 shares of the company’s stock valued at $87,579,000 after acquiring an additional 234,803 shares in the last quarter.

iShares Broad USD High Yield Corporate Bond ETF Company Profile

The iShares Broad USD High Yield Corporate Bond ETF (USHY) is an exchange-traded fund that is based on the ICE BofA US High Yield Constrained index. The fund tracks a market value-weighted index of USD-denominated high yield corporate debt with broad maturities. USHY was launched on Oct 25, 2017 and is managed by BlackRock.