PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Shares Up 0.5% – Time to Buy?

Shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) shot up 0.5% during mid-day trading on Friday . The company traded as high as $93.82 and last traded at $93.79. 117,525 shares were traded during trading, a decline of 15% from the average session volume of 137,950 shares. The stock had previously closed at $93.32.

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

The business has a 50-day simple moving average of $94.55 and a 200-day simple moving average of $94.58.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HYS. Navellier & Associates Inc. purchased a new stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the fourth quarter valued at approximately $206,000. Jones Financial Companies Lllp raised its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 533.6% in the fourth quarter. Jones Financial Companies Lllp now owns 3,662 shares of the company’s stock worth $343,000 after buying an additional 3,084 shares during the period. Hillsdale Investment Management Inc. raised its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 37.1% in the fourth quarter. Hillsdale Investment Management Inc. now owns 4,615 shares of the company’s stock worth $432,000 after buying an additional 1,250 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the fourth quarter worth approximately $568,000. Finally, SOL Capital Management CO raised its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 5.1% in the fourth quarter. SOL Capital Management CO now owns 9,458 shares of the company’s stock worth $886,000 after buying an additional 460 shares during the period.

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.