iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Sees Large Volume Increase

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) saw an uptick in trading volume on Wednesday . 2,453,246 shares were traded during trading, an increase of 66% from the previous session’s volume of 1,479,178 shares.The stock last traded at $41.70 and had previously closed at $41.64.

iShares 0-5 Year High Yield Corporate Bond ETF Trading Up 0.1 %

The company’s 50 day moving average is $42.26 and its 200-day moving average is $41.81.

Institutional Investors Weigh In On iShares 0-5 Year High Yield Corporate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 171.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,960,215 shares of the company’s stock worth $80,428,000 after purchasing an additional 1,238,893 shares during the last quarter. BTS Asset Management Inc. bought a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF in the 1st quarter worth about $41,741,000. Flow Traders U.S. LLC increased its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 1,902.1% in the 1st quarter. Flow Traders U.S. LLC now owns 439,331 shares of the company’s stock worth $19,313,000 after purchasing an additional 417,387 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 2,068.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 419,606 shares of the company’s stock worth $17,216,000 after purchasing an additional 400,258 shares during the last quarter. Finally, PFS Investments Inc. increased its position in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 26.0% in the 4th quarter. PFS Investments Inc. now owns 1,235,400 shares of the company’s stock worth $50,516,000 after purchasing an additional 254,821 shares during the last quarter.

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.