iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG) Reaches New 52-Week Low – Here’s Why

iShares 0-5 Year High Yield Corporate Bond ETF (NYSEARCA:SHYG)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $41.27 and last traded at $41.39, with a volume of 1784 shares. The stock had previously closed at $41.85.

iShares 0-5 Year High Yield Corporate Bond ETF Stock Down 1.5 %

The firm has a 50 day moving average of $42.84 and a 200 day moving average of $42.94. The firm has a market cap of $6.26 billion, a PE ratio of 10.83 and a beta of 0.36.

Institutional Investors Weigh In On iShares 0-5 Year High Yield Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hunter Associates Investment Management LLC increased its holdings in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 3.8% in the fourth quarter. Hunter Associates Investment Management LLC now owns 7,531 shares of the company’s stock worth $320,000 after purchasing an additional 273 shares during the period. Richardson Capital Management LLC grew its stake in shares of iShares 0-5 Year High Yield Corporate Bond ETF by 27.9% in the fourth quarter. Richardson Capital Management LLC now owns 1,969 shares of the company’s stock worth $84,000 after purchasing an additional 429 shares during the last quarter. Virtue Capital Management LLC boosted its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 0.6% in the fourth quarter. Virtue Capital Management LLC now owns 77,494 shares of the company’s stock valued at $3,302,000 after acquiring an additional 500 shares in the last quarter. One Capital Management LLC raised its stake in iShares 0-5 Year High Yield Corporate Bond ETF by 0.8% in the fourth quarter. One Capital Management LLC now owns 85,561 shares of the company’s stock worth $3,646,000 after buying an additional 645 shares in the last quarter. Finally, SouthState Corp raised its holdings in iShares 0-5 Year High Yield Corporate Bond ETF by 15.7% in the fourth quarter. SouthState Corp now owns 6,705 shares of the company’s stock worth $286,000 after purchasing an additional 910 shares in the last quarter.

iShares 0-5 Year High Yield Corporate Bond ETF Company Profile

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.