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

iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) shares fell 0% during trading on Thursday . The company traded as low as $27.31 and last traded at $27.31. Approximately 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 Trading Down 0.0%

The firm has a market cap of $5.46 million, a price-to-earnings ratio of 10.82 and a beta of -0.70. The company has a 50 day moving average of $27.31 and a 200 day moving average of $27.31.

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 shares of iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

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.