iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) Stock Price Down 0% – What’s Next?

Shares of iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) dropped 0% during 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 Trading Down 0.0%

The stock has a market capitalization of $5.46 million, a P/E ratio of 10.82 and a beta of -0.70. The stock’s fifty day moving average price is $27.31 and its two-hundred day moving average price is $27.31.

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 position in iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 30,915 shares of the company’s stock, valued at approximately $831,000. Royal Bank of Canada owned 15.46% of iShares Inflation Hedged High Yield Bond ETF at the end of the most recent quarter.

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. HYGI was launched on Jun 22, 2022 and is managed by BlackRock.