iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Hits New 52-Week Low – Here’s What Happened

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) reached a new 52-week low on Friday. The company traded as low as $84.76 and last traded at $84.9810, with a volume of 106383 shares. The stock had previously closed at $85.34.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

The stock has a market cap of $650.21 million, a PE ratio of 10.74 and a beta of 0.28. The business has a fifty day moving average of $86.42 and a 200 day moving average of $86.32.

Hedge Funds Weigh In On iShares Interest Rate Hedged High Yield Bond ETF

Institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF during the second quarter worth about $87,000. OxenFree Capital LLC acquired a new position in iShares Interest Rate Hedged High Yield Bond ETF in the 1st quarter worth approximately $202,000. Diversify Wealth Management LLC purchased a new position in iShares Interest Rate Hedged High Yield Bond ETF during the 1st quarter valued at about $291,000. Trademark Financial Management LLC lifted its position in iShares Interest Rate Hedged High Yield Bond ETF by 40.1% in the 1st quarter. Trademark Financial Management LLC now owns 3,578 shares of the company’s stock worth $306,000 after buying an additional 1,025 shares in the last quarter. Finally, Van Diest Capital LLC raised its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 123.4% during the first quarter. Van Diest Capital LLC now owns 5,428 shares of the company’s stock worth $465,000 after acquiring an additional 2,998 shares in the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Company Profile

The iShares Interest Rate Hedged High Yield Bond ETF (HYGH) 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) that targets USD-denominated corporate high-yield bonds while mitigating interest-rate risk. HYGH was launched on May 27, 2014 and is managed by BlackRock.