iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) Stock Price Down 0% – Here’s Why

Shares of iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) fell 0% during mid-day trading on Thursday . 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 daily volume of 2,298 shares. The stock had previously closed at $27.32.

iShares Inflation Hedged High Yield Bond ETF Stock Performance

The stock has a market cap of $5.46 million, a PE ratio of 10.82 and a beta of -0.70. The stock has a fifty day moving average price of $27.31 and a 200 day moving average price of $27.31.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in iShares Inflation Hedged High Yield Bond ETF stock. Royal Bank of Canada bought a new stake in iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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.