PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Hits New 1-Year Low – What’s Next?

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS)’s share price hit a new 52-week low during trading on Tuesday. The stock traded as low as $90.57 and last traded at $90.73, with a volume of 95705 shares trading hands. The stock had previously closed at $91.05.

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

The stock has a 50 day moving average price of $92.32 and a two-hundred day moving average price of $92.98.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Strategic Advocates LLC grew its position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 31.7% during the 4th quarter. Strategic Advocates LLC now owns 76,100 shares of the company’s stock worth $7,268,000 after buying an additional 18,309 shares during the period. Financial & Tax Architects LLC raised its position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 7.7% in the 1st quarter. Financial & Tax Architects LLC now owns 39,531 shares of the company’s stock valued at $3,687,000 after acquiring an additional 2,839 shares during the period. Advisors Preferred LLC acquired a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 1st quarter valued at approximately $2,518,000. Janney Montgomery Scott LLC boosted its stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 156.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 25,996 shares of the company’s stock worth $2,425,000 after acquiring an additional 15,842 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 101.4% during the 1st quarter. Arkadios Wealth Advisors now owns 23,792 shares of the company’s stock worth $2,219,000 after acquiring an additional 11,979 shares during the last quarter.

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

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.