iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Sees Unusually-High Trading Volume – Time to Buy?

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) saw an uptick in trading volume on Monday . 1,511,645 shares changed hands during trading, a decline of 18% from the previous session’s volume of 1,852,195 shares.The stock last traded at $42.8450 and had previously closed at $42.84.

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

The firm’s 50 day moving average price is $42.94 and its 200-day moving average price is $43.00. The stock has a market cap of $8.12 billion, a P/E ratio of 10.74 and a beta of 0.30.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Jaffetilchin Investment Partners LLC increased its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 1.0% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 32,893 shares of the company’s stock worth $1,419,000 after buying an additional 341 shares in the last quarter. Root Financial Partners LLC boosted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 2.9% during the 3rd quarter. Root Financial Partners LLC now owns 14,121 shares of the company’s stock valued at $611,000 after acquiring an additional 400 shares during the last quarter. City Holding Co. grew its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 0.5% in the third quarter. City Holding Co. now owns 101,594 shares of the company’s stock worth $4,398,000 after acquiring an additional 479 shares during the period. North Star Investment Management Corp. lifted its position in iShares 0-5 Year High Yield Corporate Bond ETF by 10.1% during the third quarter. North Star Investment Management Corp. now owns 6,021 shares of the company’s stock valued at $261,000 after purchasing an additional 550 shares during the period. Finally, Dunhill Financial LLC bought a new position in iShares 0-5 Year High Yield Corporate Bond ETF during the third quarter valued at approximately $26,000.

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.