iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Hits New 12-Month Low – Here’s Why

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $41.68 and last traded at $41.69, with a volume of 2078049 shares traded. The stock had previously closed at $41.76.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Up 0.2%

The firm’s 50-day moving average is $42.11 and its 200-day moving average is $42.27. The company has a market cap of $7.57 billion, a PE ratio of 10.74 and a beta of 0.28.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SHYG. Cornerstone Financial Management LLC bought a new position in iShares 0-5 Year High Yield Corporate Bond ETF in the fourth quarter worth $27,000. Ascentis Independent Advisors purchased a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the 1st quarter worth about $42,000. Monetary Solutions Ltd bought a new position in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the 4th quarter worth about $66,000. NBT Bank N A NY increased its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 3,551.2% in the 1st quarter. NBT Bank N A NY now owns 1,570 shares of the company’s stock worth $66,000 after acquiring an additional 1,527 shares in the last quarter. Finally, Peak Retirement Planning Inc. purchased a new position in iShares 0-5 Year High Yield Corporate Bond ETF during the 4th quarter valued at about $236,000.

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.