iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Trading Up 0.6% – Here’s What Happened

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)’s share price traded up 0.6% on Monday . The stock traded as high as $42.32 and last traded at $42.19. 2,035,312 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 1,937,089 shares. The stock had previously closed at $41.95.

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

The stock has a 50-day moving average of $42.73 and a two-hundred day moving average of $42.90. The company has a market cap of $7.99 billion, a P/E ratio of 10.74 and a beta of 0.30.

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

Hedge funds have recently bought and sold shares of the company. Monetary Solutions Ltd bought a new stake in iShares 0-5 Year High Yield Corporate Bond ETF during the 4th quarter valued at about $66,000. Virtue Capital Management LLC grew its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 962.2% during the fourth quarter. Virtue Capital Management LLC now owns 79,572 shares of the company’s stock valued at $3,414,000 after buying an additional 72,081 shares during the last quarter. Cahill Financial Advisors Inc. grew its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 44.3% during the fourth quarter. Cahill Financial Advisors Inc. now owns 6,757 shares of the company’s stock valued at $290,000 after buying an additional 2,075 shares during the last quarter. WFA of San Diego LLC increased its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 43.3% during the fourth quarter. WFA of San Diego LLC now owns 1,549 shares of the company’s stock valued at $66,000 after acquiring an additional 468 shares in the last quarter. Finally, Advisory Services Network LLC increased its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 2.5% during the fourth quarter. Advisory Services Network LLC now owns 35,598 shares of the company’s stock valued at $1,526,000 after acquiring an additional 865 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.