PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Sees Large Volume Increase – Here’s What Happened

Shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) saw unusually-strong trading volume on Tuesday . 247,705 shares traded hands during mid-day trading, an increase of 77% from the previous session’s volume of 140,252 shares.The stock last traded at $92.6510 and had previously closed at $92.50.

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

The firm has a 50 day moving average price of $93.10 and a 200-day moving average price of $93.62.

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

Several institutional investors have recently modified their holdings of HYS. IFC & Insurance Marketing Inc. bought a new position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the fourth quarter worth $31,000. Nalls Sherbakoff Group LLC acquired a new position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the fourth quarter valued at approximately $33,000. Ascentis Independent Advisors bought a new stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the first quarter worth $37,000. WFA of San Diego LLC bought a new stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 2nd quarter valued at $96,000. Finally, CoreCap Advisors LLC increased its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 80.4% during the 2nd quarter. CoreCap Advisors LLC now owns 1,584 shares of the company’s stock worth $148,000 after purchasing an additional 706 shares in the last quarter.

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

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.