PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Sees Unusually-High Trading Volume – Still a Buy?

Shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYSGet Free Report) saw strong trading volume on Monday . 509,977 shares were traded during mid-day trading, an increase of 231% from the previous session’s volume of 153,978 shares.The stock last traded at $92.9690 and had previously closed at $93.02.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Stock Down 0.1%

The company’s 50 day moving average is $93.44 and its 200 day moving average is $94.38.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HYS. IFC & Insurance Marketing Inc. bought a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 4th quarter valued at about $31,000. Nalls Sherbakoff Group LLC bought a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 4th quarter valued at about $33,000. Ascentis Independent Advisors bought a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 1st quarter valued at about $37,000. Investment Research & Advisory Group Inc. bought a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 4th quarter valued at about $41,000. Finally, WFA of San Diego LLC bought a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 2nd quarter valued at about $96,000.

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

(Get Free Report)

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.

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