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

iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) dropped 0% on Thursday . The company 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 50-day moving average price is $27.31 and its 200-day moving average price is $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.

Institutional Inflows and Outflows

An institutional investor 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) during the first quarter, according to its most recent filing with the SEC. The firm 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.