iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Stock Falls 0.1% – Here’s What Happened

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)’s share price fell 0.1% on Friday. The company traded as low as $41.06 and last traded at $41.07. 2,464,787 shares changed hands during mid-day trading, an increase of 54% from the average session volume of 1,597,555 shares. The stock had previously closed at $41.13.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Down 0.1%

The stock’s 50-day moving average price is $41.44 and its 200 day moving average price is $42.17. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 10.74 and a beta of 0.30.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Atomic Invest LLC lifted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 416.9% during the 2nd quarter. Atomic Invest LLC now owns 106,138 shares of the company’s stock valued at $4,504,000 after purchasing an additional 85,604 shares during the last quarter. Bank of New York Mellon Corp boosted its position in iShares 0-5 Year High Yield Corporate Bond ETF by 31.0% in the first quarter. Bank of New York Mellon Corp now owns 1,149,340 shares of the company’s stock valued at $48,629,000 after buying an additional 272,163 shares in the last quarter. Jones Financial Companies Lllp grew its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 21.3% during the second quarter. Jones Financial Companies Lllp now owns 145,486 shares of the company’s stock worth $6,161,000 after buying an additional 25,592 shares during the last quarter. RMG Wealth Management LLC bought a new stake in iShares 0-5 Year High Yield Corporate Bond ETF during the first quarter worth about $1,220,000. Finally, Strategic Investment Advisors MI grew its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 27.6% during the first quarter. Strategic Investment Advisors MI now owns 57,224 shares of the company’s stock worth $2,421,000 after buying an additional 12,381 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.