iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Sees Large Volume Increase – Still a Buy?

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) shares saw strong trading volume on Tuesday . 2,634,209 shares traded hands during trading, an increase of 89% from the previous session’s volume of 1,395,103 shares.The stock last traded at $41.65 and had previously closed at $41.54.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Performance

The company has a market capitalization of $6.32 billion, a PE ratio of 10.83 and a beta of 0.36. The stock has a 50 day moving average price of $42.55 and a two-hundred day moving average price of $42.83.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its position in iShares 0-5 Year High Yield Corporate Bond ETF by 3,469.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,392 shares of the company’s stock worth $59,000 after purchasing an additional 1,353 shares during the period. Park Square Financial Group LLC acquired a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the fourth quarter worth approximately $62,000. AdvisorNet Financial Inc raised its position in iShares 0-5 Year High Yield Corporate Bond ETF by 43.1% in the 1st quarter. AdvisorNet Financial Inc now owns 1,551 shares of the company’s stock worth $66,000 after purchasing an additional 467 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new position in iShares 0-5 Year High Yield Corporate Bond ETF during the 4th quarter worth $69,000. Finally, Ameriflex Group Inc. bought a new position in iShares 0-5 Year High Yield Corporate Bond ETF in the 4th quarter valued at $70,000.

iShares 0-5 Year High Yield Corporate Bond ETF Company Profile

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.