Investors looking for ETFs with rising momentum should begin to consider the PIMCO 0-5 Year US High Yield Corporate Bond Index Exchange-Traded Fund (HYS). This product just hit a new 52-week high of $100.99 today, and is now up 17.43% from its 52-week low price of $86 per share.
Will this ETF continue its string of recent wins? Let’s take a closer look at the fund, its recent gains, the category it resides in, and its ratings and outlook to get a sense of whether its momentum is sustainable or not.
Inside HYS’s Rise
As mentioned earlier, HYS has now gained 17.43% from its 52-week low, which was hit back on February 11, 2016. The fund has now returned 0.95% over the past month, 3.91% over the past three months, and 5.98% in the past six months. Those returns compare to the benchmark S&P 500 index’s 1.80%, 8.47%, and 6.41% returns in the same periods, respectively.
HYS currently sits above its 10-day, 20-day, 50-day, 100-day, and 200-day moving averages (MAs), which from a technical standpoint suggests a very strong possibility that the recent gains can continue. That’s because the shares have no short-term overhead resistance to bump up against.
A Look Under The Hood
PIMCO 0-5 Year US High Yield Corporate Bond Index Exchange-Traded Fund is a Fixed Income-focused product issued by PIMCO ETFs. Its expense ratio of 0.55% makes it the #28 cheapest ETF among 35 total funds in the High Yield Bond ETFs category.
HYS currently boasts $2.26B in assets under management (AUM), placing it #5 of 35 ETFs in its category, and #180 of 1922 total ETFs in the U.S. exchange traded universe.
The investment objective of the PIMCO 0-5 Year High Yield Corporate Bond Index Fund ETF exposure to the short maturity segment of the high yield corporate bond sector. The fund tracks The BofA Merrill Lynch 0-5 Year US High Yield Constrained Index. With high-yield junk bonds performing quite well as of late, we shouldn’t be surprised that HYS is getting a bump here.
HYS SMART Grade: More Gains Ahead?
A SMART Grade of A suggests excellent future price growth potential, so it’s reasonable to expect even more gains ahead. If you’re looking for high-yield bond exposure in your portfolio, give HYS a shot.
For more information about this ETF, including full ratings, news, data, and more, please visit HYS’s ticker page.
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