iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) Shares Down 0% – Time to Sell?

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

iShares Inflation Hedged High Yield Bond ETF Stock Performance

The company has a 50-day simple moving average of $27.31 and a 200-day simple moving average of $27.31. 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

A hedge fund recently bought a new stake 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) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 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 as of its most recent filing with the SEC.

About iShares Inflation Hedged High Yield Bond ETF

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.