PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Hits New 1-Year Low – Here’s What Happened

Shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) reached a new 52-week low during trading on Monday. The company traded as low as $89.38 and last traded at $89.4140, with a volume of 61,823 shares traded. The stock had previously closed at $89.98.

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

The firm has a 50-day moving average of $90.96 and a two-hundred day moving average of $92.91.

Institutional Investors Weigh In On PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund

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

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.