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

iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) shares traded down 0% during trading on Monday . The stock traded as low as $27.31 and last traded at $27.31. 256 shares changed hands during 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 Stock Performance

The stock has a market capitalization of $5.46 million, a price-to-earnings ratio of 10.82 and a beta of -0.70. The company has a fifty day simple moving average of $27.31 and a 200 day simple moving average of $27.28.

Hedge Funds Weigh In On iShares Inflation Hedged High Yield Bond ETF

An institutional investor recently bought a new position in iShares Inflation Hedged High Yield Bond ETF stock. Royal Bank of Canada purchased a new position in shares of iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) in the first quarter, according to its most recent filing with the SEC. The firm purchased 30,915 shares of the company’s stock, valued at approximately $831,000. Royal Bank of Canada owned 15.46% of iShares Inflation Hedged High Yield Bond ETF at the end of the most recent quarter.

iShares Inflation Hedged High Yield Bond ETF Company Profile

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.