PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Sees Strong Trading Volume – Here’s Why

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) shares saw unusually-high trading volume on Friday . Approximately 424,316 shares traded hands during mid-day trading, an increase of 194% from the previous session’s volume of 144,338 shares.The stock last traded at $94.02 and had previously closed at $93.52.

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund Trading Up 0.6 %

The business has a 50-day simple moving average of $94.61 and a 200-day simple moving average of $94.05.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HYS. Ashton Thomas Private Wealth LLC acquired a new stake in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the second quarter worth about $36,000. EverSource Wealth Advisors LLC grew its holdings in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 77.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 615 shares of the company’s stock worth $58,000 after purchasing an additional 269 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 86.5% during the third quarter. Farther Finance Advisors LLC now owns 3,675 shares of the company’s stock valued at $351,000 after purchasing an additional 1,704 shares during the period. CKW Financial Group raised its stake in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 2.8% in the third quarter. CKW Financial Group now owns 19,837 shares of the company’s stock valued at $1,883,000 after purchasing an additional 541 shares in the last quarter. Finally, Strategic Advocates LLC lifted its position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 8.4% in the third quarter. Strategic Advocates LLC now owns 94,711 shares of the company’s stock worth $9,045,000 after purchasing an additional 7,319 shares during the period.

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.