iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) Trading Down 0% – Should You Sell?

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

The stock’s fifty day moving average is $27.31 and its two-hundred day moving average is $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.

Hedge Funds Weigh In On 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 acquired 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 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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.

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.