Traders Buy Shares of iShares iBoxx $ High Yid Corp Bond (HYG) on Weakness
Investors bought shares of iShares iBoxx $ High Yid Corp Bond (NYSEARCA:HYG) on weakness during trading on Tuesday. $427.29 million flowed into the stock on the tick-up and $258.48 million flowed out of the stock on the tick-down, for a money net flow of $168.81 million into the stock. Of all stocks tracked, iShares iBoxx $ High Yid Corp Bond had the 2nd highest net in-flow for the day. iShares iBoxx $ High Yid Corp Bond traded down ($0.30) for the day and closed at $86.15
The stock has a market cap of $14,950.00 and a PE ratio of 20.52.
The firm also recently declared a monthly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Friday, February 2nd were given a dividend of $0.3663 per share. This is a boost from iShares iBoxx $ High Yid Corp Bond’s previous monthly dividend of $0.36. The ex-dividend date was Thursday, February 1st. This represents a $4.40 annualized dividend and a dividend yield of 5.13%. iShares iBoxx $ High Yid Corp Bond’s payout ratio is currently 106.46%.
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About iShares iBoxx $ High Yid Corp Bond
iShares iBoxx $ High Yield Corporate Bond ETF (the Fund), formerly iShares iBoxx $ High Yield Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the Index), which is a rules-based index consisting of liquid the United States dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider.
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