iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Sets New 12-Month Low – Time to Sell?

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH)’s stock price hit a new 52-week low on Friday. The company traded as low as $84.76 and last traded at $84.9810, with a volume of 106383 shares. The stock had previously closed at $85.34.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

The firm has a market capitalization of $650.21 million, a price-to-earnings ratio of 10.74 and a beta of 0.28. The business’s 50 day moving average is $86.42 and its 200-day moving average is $86.32.

Institutional Investors Weigh In On iShares Interest Rate Hedged High Yield Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of HYGH. Integrated Wealth Concepts LLC bought a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF during the 2nd quarter worth about $87,000. OxenFree Capital LLC bought a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF in the first quarter valued at about $202,000. Diversify Wealth Management LLC acquired a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the first quarter worth about $291,000. Trademark Financial Management LLC grew its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 40.1% during the 1st quarter. Trademark Financial Management LLC now owns 3,578 shares of the company’s stock worth $306,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Van Diest Capital LLC boosted its stake in iShares Interest Rate Hedged High Yield Bond ETF by 123.4% during the first quarter. Van Diest Capital LLC now owns 5,428 shares of the company’s stock worth $465,000 after buying an additional 2,998 shares in the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Company Profile

The iShares Interest Rate Hedged High Yield Bond ETF (HYGH) 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) that targets USD-denominated corporate high-yield bonds while mitigating interest-rate risk. HYGH was launched on May 27, 2014 and is managed by BlackRock.