iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) Shares Down 0% – What’s Next?

iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI)’s share price traded down 0% on Wednesday . The company traded as low as $27.31 and last traded at $27.31. 256 shares traded hands during 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 Trading Down 0.0%

The business has a 50-day moving average price of $27.31 and a two-hundred day moving average price of $27.31. The firm 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

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 filing with the Securities and Exchange Commission. The institutional investor 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 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.