iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Sees Strong Trading Volume – What’s Next?

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) shares saw strong trading volume on Friday . 3,266,638 shares were traded during trading, an increase of 97% from the previous session’s volume of 1,656,655 shares.The stock last traded at $42.7050 and had previously closed at $42.75.

iShares 0-5 Year High Yield Corporate Bond ETF Price Performance

The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 10.74 and a beta of 0.30. The business has a fifty day moving average price of $43.10 and a two-hundred day moving average price of $42.85.

Institutional Trading of iShares 0-5 Year High Yield Corporate Bond ETF

Several hedge funds have recently made changes to their positions in SHYG. RiverFront Investment Group LLC lifted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 305.8% during the 2nd quarter. RiverFront Investment Group LLC now owns 1,216,930 shares of the company’s stock worth $52,498,000 after buying an additional 917,031 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF during the first quarter worth $18,788,000. Motley Fool Wealth Management LLC lifted its position in iShares 0-5 Year High Yield Corporate Bond ETF by 83.1% in the first quarter. Motley Fool Wealth Management LLC now owns 640,052 shares of the company’s stock valued at $27,215,000 after purchasing an additional 290,455 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 474.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 231,390 shares of the company’s stock valued at $9,982,000 after purchasing an additional 191,135 shares in the last quarter. Finally, Ninety One UK Ltd grew its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 43.9% in the 3rd quarter. Ninety One UK Ltd now owns 609,751 shares of the company’s stock worth $26,402,000 after acquiring an additional 186,000 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.