iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Shares Up 0.6% – Still a Buy?

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) shares shot up 0.6% during trading on Monday . The stock traded as high as $42.32 and last traded at $42.19. 2,035,312 shares changed hands during trading, an increase of 5% from the average session volume of 1,937,089 shares. The stock had previously closed at $41.95.

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

The company has a 50 day moving average price of $42.69 and a two-hundred day moving average price of $42.88. The stock has a market cap of $7.99 billion, a PE ratio of 10.74 and a beta of 0.30.

Hedge Funds Weigh In On iShares 0-5 Year High Yield Corporate Bond ETF

A number of hedge funds have recently bought and sold shares of the business. Rossby Financial LCC lifted its position in iShares 0-5 Year High Yield Corporate Bond ETF by 5.5% during the fourth quarter. Rossby Financial LCC now owns 6,247 shares of the company’s stock valued at $268,000 after purchasing an additional 324 shares during the period. Jaffetilchin Investment Partners LLC grew its position 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 purchasing an additional 341 shares during the period. Root Financial Partners LLC grew its position in iShares 0-5 Year High Yield Corporate Bond ETF by 2.9% in the 3rd quarter. Root Financial Partners LLC now owns 14,121 shares of the company’s stock worth $611,000 after purchasing an additional 400 shares during the period. Parallel Advisors LLC raised its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 5.4% during the 4th quarter. Parallel Advisors LLC now owns 8,182 shares of the company’s stock valued at $351,000 after buying an additional 418 shares during the last quarter. Finally, WFA of San Diego LLC lifted its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 43.3% during the 4th quarter. WFA of San Diego LLC now owns 1,549 shares of the company’s stock valued at $66,000 after buying an additional 468 shares during the period.

iShares 0-5 Year High Yield Corporate Bond ETF Company Profile

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.