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

iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) dropped 0% during mid-day trading on Thursday . The company 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 Performance

The firm has a market cap of $5.46 million, a price-to-earnings ratio of 10.82 and a beta of -0.70. The business’s 50-day moving average is $27.31 and its 200-day moving average 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 purchased a new position in shares of iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 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.