iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) Trading Down 0% – Should You Sell?

iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI)’s stock price dropped 0% on Monday . The company traded as low as $27.31 and last traded at $27.31. Approximately 256 shares traded hands during mid-day 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 business has a 50-day simple moving average of $27.31 and a two-hundred day simple moving average of $27.28. The stock has a market capitalization of $5.46 million, a price-to-earnings 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 purchased a new stake in shares of iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 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 as of its most recent SEC filing.

About iShares Inflation Hedged High Yield Bond ETF

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.