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

iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) shares fell 0% during mid-day trading 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 92% from the average session volume of 3,134 shares. The stock had previously closed at $27.32.

iShares Inflation Hedged High Yield Bond ETF Stock Performance

The company’s 50 day moving average price is $27.31 and its 200-day moving average price is $27.32. The stock has a market cap of $5.46 million, a P/E 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 purchased a new stake in shares of iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 30,915 shares of the company’s stock, valued at approximately $831,000. Royal Bank of Canada owned about 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.