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

iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI)’s share price traded down 0% on Wednesday . The company traded as low as $27.31 and last traded at $27.31. 256 shares changed hands during trading, a decline of 92% from the average session volume of 3,134 shares. The stock had previously closed at $27.32.

iShares Inflation Hedged High Yield Bond ETF Stock Performance

The business has a 50 day moving average price of $27.31 and a 200-day moving average price of $27.32. The company has a market capitalization of $5.46 million, a price-to-earnings ratio of 10.82 and a beta of -0.70.

Institutional Investors Weigh In On iShares Inflation Hedged High Yield Bond ETF

A hedge fund recently bought a new stake in iShares Inflation Hedged High Yield Bond ETF stock. Royal Bank of Canada bought a new stake in iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 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 reporting period.

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