PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Reaches New 52-Week Low – Here’s Why

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) shares hit a new 52-week low during trading on Monday. The stock traded as low as $89.44 and last traded at $89.6710, with a volume of 83,037 shares traded. The stock had previously closed at $89.63.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Stock Down 0.0%

The stock’s 50 day simple moving average is $91.37 and its two-hundred day simple moving average is $92.61.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Financial & Tax Architects LLC grew its stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 1.8% during the 3rd quarter. Financial & Tax Architects LLC now owns 44,599 shares of the company’s stock worth $4,035,000 after acquiring an additional 791 shares during the period. Advisors Preferred LLC purchased a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 1st quarter worth about $2,518,000. Janney Montgomery Scott LLC lifted its position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 156.0% during the first quarter. Janney Montgomery Scott LLC now owns 25,996 shares of the company’s stock valued at $2,425,000 after buying an additional 15,842 shares during the period. Arkadios Wealth Advisors raised its position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 101.4% in the 1st quarter. Arkadios Wealth Advisors now owns 23,792 shares of the company’s stock worth $2,219,000 after purchasing an additional 11,979 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 6.2% during the first quarter. Bank of New York Mellon Corp now owns 8,413 shares of the company’s stock valued at $785,000 after purchasing an additional 491 shares in the last quarter.

About PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund

The PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (HYS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund aims to capture exposure to the short maturity segment of the high-yield corporate bond sector. HYS was launched on Jun 16, 2011 and is managed by PIMCO.