PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Reaches New 12-Month Low – Should You Sell?

Shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) hit 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 trading hands. The stock had previously closed at $92.37.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Stock Performance

The company’s fifty day simple moving average is $92.79 and its two-hundred day simple moving average is $93.25.

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

Several large investors have recently added to or reduced their stakes in HYS. Advisors Preferred LLC purchased a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the first quarter valued at about $2,518,000. Strategic Advocates LLC grew its position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 31.7% in the 4th quarter. Strategic Advocates LLC now owns 76,100 shares of the company’s stock worth $7,268,000 after purchasing an additional 18,309 shares in the last quarter. TD Private Client Wealth LLC increased 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 during the last quarter. Janney Montgomery Scott LLC increased its stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 156.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 25,996 shares of the company’s stock valued at $2,425,000 after buying an additional 15,842 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of 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 last quarter.

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

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.