PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Sees Strong Trading Volume – Still a Buy?

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYSGet Free Report) shares saw an uptick in trading volume on Tuesday . 247,705 shares changed hands during mid-day trading, an increase of 77% from the previous session’s volume of 140,252 shares.The stock last traded at $92.6510 and had previously closed at $92.50.

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

The stock’s 50 day moving average price is $93.14 and its 200 day moving average price is $93.66.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ascentis Independent Advisors acquired a new stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 1st quarter valued at about $37,000. Financial & Tax Architects LLC lifted its position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 7.7% in the first quarter. Financial & Tax Architects LLC now owns 39,531 shares of the company’s stock valued at $3,687,000 after buying an additional 2,839 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 156.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 25,996 shares of the company’s stock worth $2,425,000 after acquiring an additional 15,842 shares during the period. Burns J W & Co. Inc. NY increased its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 43.3% during the 1st quarter. Burns J W & Co. Inc. NY now owns 4,690 shares of the company’s stock worth $437,000 after acquiring an additional 1,417 shares during the last quarter. Finally, Nalls Sherbakoff Group LLC bought a new stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 4th quarter valued at $33,000.

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

(Get Free Report)

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.

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