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

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

iShares Inflation Hedged High Yield Bond ETF Stock Down 0.0%

The business has a fifty day moving average of $27.31 and a 200 day moving average of $27.31. The firm has a market cap of $5.46 million, a P/E 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 purchased a new position in iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 reporting period.

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.