iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG – Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 8,201,921 shares were traded during mid-day trading, an increase of 541% from the previous session’s volume of 1,279,641 shares.The stock last traded at $41.89 and had previously closed at $42.42.
iShares 0-5 Year High Yield Corporate Bond ETF Stock Down 1.3 %
The firm has a market cap of $6.35 billion, a P/E ratio of 10.83 and a beta of 0.36. The firm’s 50-day moving average price is $42.90 and its 200 day moving average price is $42.96.
Institutional Investors Weigh In On iShares 0-5 Year High Yield Corporate Bond ETF
A number of institutional investors have recently modified their holdings of SHYG. First Horizon Advisors Inc. boosted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 100.4% during the fourth quarter. First Horizon Advisors Inc. now owns 4,318 shares of the company’s stock valued at $184,000 after acquiring an additional 2,163 shares during the period. One Capital Management LLC lifted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 0.8% during the 4th quarter. One Capital Management LLC now owns 85,561 shares of the company’s stock worth $3,646,000 after buying an additional 645 shares in the last quarter. SouthState Corp grew its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 15.7% during the 4th quarter. SouthState Corp now owns 6,705 shares of the company’s stock worth $286,000 after buying an additional 910 shares during the period. Allstate Corp lifted its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 56.6% in the fourth quarter. Allstate Corp now owns 97,744 shares of the company’s stock valued at $4,165,000 after buying an additional 35,344 shares during the period. Finally, RiverFront Investment Group LLC grew its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 15.9% in the 4th quarter. RiverFront Investment Group LLC now owns 278,320 shares of the company’s stock valued at $11,859,000 after buying an additional 38,221 shares during the period.
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.
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