iShares 0-5 Year High Yield Corporate Bond ETFSHYG
SHYG
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
47% more repeat investments, than reductions
Existing positions increased: 219 | Existing positions reduced: 149
2% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 60
1% more capital invested
Capital invested by funds: $4.91B [Q2] → $4.94B (+$28.5M) [Q3]
0% more funds holding
Funds holding: 504 [Q2] → 505 (+1) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 28 [Q2] → 28 (+0) [Q3]
1.23% less ownership
Funds ownership: 79.65% [Q2] → 78.43% (-1.23%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for SHYG.
Financial journalist opinion
Positive
Seeking Alpha
1 month ago
SHYG: Expectations Say Inflation Wheel Is Still Turning
We think underlying metrics for inflation will continue to be stubborn. The key is that inflation expectations remain a little high, and will need an exogenous inflationary factor, namely oil, to stay down for a while in order for re-anchoring. If expectations can be moved without taking a hit to the economy, with a lower oil price actually being good for the economy too, a soft landing can be engineered.
Neutral
Seeking Alpha
4 months ago
SHYG: Credit Spreads Still Relatively Low
The really core and sticky elements of inflation are ticking up, and oil may end up being a false friend. We also still have issues with exposure to credit spreads, considering how low they are historically. With duration making the ETF more sensitive to YTM changes and the propensity for markets to be wishful around Fed policy, we still aren't crazy about SHYG.
Positive
Seeking Alpha
6 months ago
SHYG: Reflexivity Benefits Also Mean More Duration Risk
SHYG is a moderate duration fixed income ETF, and we believe that it will be a higher for longer environment, which is bearish for longer duration fixed income. We used to complain about the credit spreads being too low, but now we acknowledge reflexivity benefits. However, reflexivity in high yield simply makes the higher for longer case more likely, so there's no angle there, and reflexivity benefits are already priced in.
Positive
InvestorPlace
7 months ago
The 3 Best ETFs to Buy in May 2024
Markets are increasingly volatile, making the “Sell in May and Go Away” mantra particularly relevant. But that comes with a hidden benefit — the opportunity to snag the best ETFs to buy in May for a discount.
Positive
ETF Trends
7 months ago
ETF Prime: Rosenbluth on Fixed Income Polling and More
On this week's episode of ETF Prime, host Nate Geraci was joined by VettaFi Head of Research Todd Rosenbluth to discuss polling results from VettaFi's Fixed Income Symposium. Afterward, Richard Kerr, Partner at K&L Gates, brought a legal analysis to multi-share class structure filings.
Positive
ETF Trends
7 months ago
Taking on More Credit and Less Rate Risk
The largest high yield bond ETFs have been out of favor for much of 2024. However, many advisors recently told VettaFi they think the style will perform best going forward.
Positive
InvestorPlace
8 months ago
The Rate Drop Jackpot: 3 Stocks to Snag on the Next Fed Cut
Though 2024's rate cut prospects remain somewhat uncertain, with Federal Reserve officials flip-flopping between “higher for longer” and planned drawdowns, preparing your portfolio for the inevitability is still a useful exercise. Remember that investors waiting on the sidelines and keeping cash in expectation of a massive market crash over the past year missed out on more than 30% gains in the S&P 500.
Positive
Seeking Alpha
10 months ago
Why High-Yield Bonds Could Outperform: Pick 7.5%-Yielding SPHY
Leading credit investors believe that the case for high-yield bonds remains strong, with a high expected return.
Positive
InvestorPlace
11 months ago
Market Mayhem: 3 ETFs to Anchor Your Investments in 2024
ETF investing isn't necessarily the most fun way to allocate capital, but playing stock jockey isn't always a wise bet. Instead, using the top ETFs for 2024 as a portfolio anchor—whether retirement or taxable brokerage—helps offset and diversify the risk associated with individual stock picking.
Negative
Seeking Alpha
11 months ago
SHYG: Wages And Expectations, Inflation Won't Go Down
The iShares 0-5 Year High Yield Corporate Bond ETF has a higher duration than desired for those who believe the inflation battle is not over. The portfolio has a duration risk but is mitigated by a high yield to maturity of 7.78%, although we worry about credit spreads too. We think markets are ahead of themselves and are not considering SHYG for the time being.
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