Peritus High Yield ETF (NYSEARCA:HYLD) Stock Price Passes Below 50 Day Moving Average of $25.49

Peritus High Yield ETF (NYSEARCA:HYLD)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $25.49 and traded as low as $25.30. Peritus High Yield ETF shares last traded at $25.49, with a volume of 43,200 shares.

Peritus High Yield ETF Stock Performance

The firm has a market cap of $94.31 million, a P/E ratio of 21.29 and a beta of 0.48. The company has a 50-day moving average of $25.49 and a 200 day moving average of $25.58.

Hedge Funds Weigh In On Peritus High Yield ETF

Several institutional investors have recently bought and sold shares of the business. Flow Traders U.S. LLC bought a new position in Peritus High Yield ETF in the 1st quarter valued at $964,000. Summit Financial LLC raised its position in shares of Peritus High Yield ETF by 4.5% during the first quarter. Summit Financial LLC now owns 31,149 shares of the exchange traded fund’s stock worth $821,000 after acquiring an additional 1,354 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Peritus High Yield ETF by 30.4% during the first quarter. Janney Montgomery Scott LLC now owns 11,446 shares of the exchange traded fund’s stock worth $302,000 after acquiring an additional 2,667 shares during the last quarter.

About Peritus High Yield ETF

The High Yield ETF (HYLD) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks to generate high current income and capital appreciation via high-yield corporate debt securities of any maturity. HYLD was launched on Nov 30, 2010 and is managed by Eve Capital.