PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Reaches New 52-Week Low – Time to Sell?

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) reached a new 52-week low during trading on Thursday . The company traded as low as $91.87 and last traded at $91.9150, with a volume of 7586 shares. The stock had previously closed at $92.37.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Stock Down 0.2%

The firm has a 50 day moving average of $92.79 and a 200 day moving average of $93.25.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HYS. WFA of San Diego LLC bought a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the second quarter valued at approximately $96,000. BNP Paribas Financial Markets boosted its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 73.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 35,800 shares of the company’s stock worth $3,425,000 after buying an additional 15,200 shares during the period. Ameriprise Financial Inc. boosted its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 5.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 124,656 shares of the company’s stock worth $11,857,000 after buying an additional 6,822 shares during the period. TD Private Client Wealth LLC grew its stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 9.1% in the 4th quarter. TD Private Client Wealth LLC now owns 198,764 shares of the company’s stock valued at $18,847,000 after buying an additional 16,584 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 8.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 5,725 shares of the company’s stock valued at $543,000 after acquiring an additional 440 shares during the period.

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

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.