PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Hits New 12-Month Low – Should You Sell?

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $89.44 and last traded at $89.54, with a volume of 4,774 shares. The stock had previously closed at $89.52.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Stock Up 0.1%

The business’s fifty day simple moving average is $91.63 and its 200 day simple moving average is $92.71.

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

Several institutional investors have recently made changes to their positions in the stock. Advisors Preferred LLC bought a new stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 1st quarter valued at about $2,518,000. Janney Montgomery Scott LLC raised its stake in 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 buying an additional 15,842 shares during the period. Arkadios Wealth Advisors raised its stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 101.4% during the 1st quarter. Arkadios Wealth Advisors now owns 23,792 shares of the company’s stock worth $2,219,000 after buying an additional 11,979 shares during the period. Financial & Tax Architects LLC raised its stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 7.7% during the 1st quarter. Financial & Tax Architects LLC now owns 39,531 shares of the company’s stock worth $3,687,000 after buying an additional 2,839 shares during the period. Finally, Burns J W & Co. Inc. NY boosted its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 43.3% in the first 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 in the last quarter.

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

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.