iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Shares Up 0.1% – Time to Buy?

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) shares rose 0.1% during mid-day trading on Thursday . The stock traded as high as $42.80 and last traded at $42.79. Approximately 910,852 shares changed hands during mid-day trading, an increase of 7% from the average daily volume of 851,290 shares. The stock had previously closed at $42.74.

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

The stock’s 50-day simple moving average is $42.92 and its 200 day simple moving average is $42.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fortitude Family Office LLC purchased a new position in iShares 0-5 Year High Yield Corporate Bond ETF in the 3rd quarter valued at approximately $37,000. Richardson Capital Management LLC raised its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 43.5% in the third quarter. Richardson Capital Management LLC now owns 1,540 shares of the company’s stock valued at $67,000 after acquiring an additional 467 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 27.0% in the third quarter. First Horizon Advisors Inc. now owns 2,155 shares of the company’s stock valued at $94,000 after purchasing an additional 458 shares during the period. Princeton Global Asset Management LLC acquired a new position in iShares 0-5 Year High Yield Corporate Bond ETF during the 3rd quarter worth $105,000. Finally, EverSource Wealth Advisors LLC grew its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 46.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,055 shares of the company’s stock worth $173,000 after purchasing an additional 1,282 shares in the last quarter.

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.