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

iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) shares traded down 0% during mid-day trading on Thursday . 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 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 Price Performance

The stock has a 50 day moving average price of $27.31 and a two-hundred day moving average price of $27.31. The company 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 purchased a new stake in shares of iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 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.