iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY) Sets New 12-Month Low – Here’s Why

iShares Broad USD High Yield Corporate Bond ETF (BATS:USHY)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $36.23 and last traded at $36.2450, with a volume of 1611872 shares trading hands. The stock had previously closed at $36.41.

iShares Broad USD High Yield Corporate Bond ETF Stock Performance

The stock has a market cap of $22.75 billion, a P/E ratio of 10.79 and a beta of 0.41. The firm has a 50-day moving average price of $36.70 and a 200-day moving average price of $36.86.

Hedge Funds Weigh In On iShares Broad USD High Yield Corporate Bond ETF

Several large investors have recently made changes to their positions in the business. Strive Financial Group LLC bought a new position in iShares Broad USD High Yield Corporate Bond ETF in the 2nd quarter worth about $49,000. Continuum Advisory LLC bought a new stake in iShares Broad USD High Yield Corporate Bond ETF during the 2nd quarter valued at about $79,000. First PREMIER Bank increased its position in shares of iShares Broad USD High Yield Corporate Bond ETF by 8.5% during the second quarter. First PREMIER Bank now owns 18,452 shares of the company’s stock valued at $683,000 after acquiring an additional 1,450 shares in the last quarter. Ramsey Quantitative Systems bought a new stake in shares of iShares Broad USD High Yield Corporate Bond ETF during the second quarter valued at approximately $333,000. Finally, Financial Management Professionals Inc. raised its holdings in iShares Broad USD High Yield Corporate Bond ETF by 764,789.1% in the 2nd quarter. Financial Management Professionals Inc. now owns 703,698 shares of the company’s stock worth $26,051,000 after acquiring an additional 703,606 shares during 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.