iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) Shares Down 0% – Here’s What Happened

Shares of iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) were down 0% during mid-day trading on Friday . The stock traded as low as $27.31 and last traded at $27.31. Approximately 256 shares were traded during trading, a decline of 92% from the average daily volume of 3,134 shares. The stock had previously closed at $27.32.

iShares Inflation Hedged High Yield Bond ETF Stock Down 0.0%

The firm has a fifty day simple moving average of $27.31 and a 200-day simple moving average of $27.23. The company has a market cap of $5.46 million, a PE ratio of 10.82 and a beta of -0.70.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares Inflation Hedged High Yield Bond ETF stock. Royal Bank of Canada acquired a new stake in iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 30,915 shares of the company’s stock, valued at approximately $831,000. Royal Bank of Canada owned about 15.46% of iShares Inflation Hedged High Yield Bond ETF at the end of the most recent quarter.

iShares Inflation Hedged High Yield Bond ETF Company Profile

The iShares Inflation Hedged High Yield Bond ETF (HYGI) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index that holds the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), which targets USD-denominated, high-yield corporate bonds, while mitigating inflation risk through swaps.