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

Shares of iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) were down 0% during trading on Friday . The stock traded as low as $27.31 and last traded at $27.31. 256 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 2,298 shares. The stock had previously closed at $27.32.

iShares Inflation Hedged High Yield Bond ETF Price Performance

The business’s 50-day moving average is $27.31 and its 200 day moving average is $27.31. The firm has a market capitalization of $5.46 million, a P/E ratio of 10.82 and a beta of -0.70.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in iShares Inflation Hedged High Yield Bond ETF stock. Royal Bank of Canada purchased a new stake in iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,915 shares of the company’s stock, valued at approximately $831,000. Royal Bank of Canada owned approximately 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. HYGI was launched on Jun 22, 2022 and is managed by BlackRock.