PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS) Shares Cross Above 50-Day Moving Average – Here’s What Happened

PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund (NYSEARCA:HYS)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $94.68 and traded as high as $94.75. PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund shares last traded at $94.57, with a volume of 178,165 shares traded.

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

The company has a 50-day simple moving average of $94.67 and a two-hundred day simple moving average of $93.91.

Hedge Funds 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 made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund during the 2nd quarter valued at about $36,000. EverSource Wealth Advisors LLC boosted its position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 77.7% during the second quarter. EverSource Wealth Advisors LLC now owns 615 shares of the company’s stock worth $58,000 after buying an additional 269 shares during the period. Family Firm Inc. purchased a new position in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund in the 2nd quarter valued at approximately $89,000. Farther Finance Advisors LLC boosted its holdings in PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 86.5% in 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. Finally, NewSquare Capital LLC increased its position in shares of PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund by 13.4% during the second quarter. NewSquare Capital LLC now owns 15,991 shares of the company’s stock worth $1,482,000 after purchasing an additional 1,888 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.