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

Shares of iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) dropped 0% on Thursday . The stock traded as low as $27.31 and last traded at $27.31. Approximately 256 shares traded hands during mid-day 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 Down 0.0%

The company has a fifty day moving average of $27.31 and a two-hundred day moving average of $27.31. The stock has a market capitalization of $5.46 million, a price-to-earnings ratio of 10.82 and a beta of -0.70.

Institutional Trading of 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 shares of iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) during 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 15.46% of iShares Inflation Hedged High Yield Bond ETF as of its most recent SEC filing.

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.