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

iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI)’s stock price traded down 0% during trading on Monday . The stock traded as low as $27.31 and last traded at $27.31. 256 shares traded 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 Trading Down 0.0%

The firm’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 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 stake in shares of iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) during the 1st quarter, according to its most recent disclosure with the SEC. The fund 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.

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.