iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Hits New 52-Week Low – Time to Sell?

iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH)’s share price reached a new 52-week low during trading on Thursday. The company traded as low as $84.60 and last traded at $84.6770, with a volume of 2,861 shares. The stock had previously closed at $85.24.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

The business has a 50 day simple moving average of $86.22 and a 200 day simple moving average of $86.31. The company has a market cap of $653.84 million, a price-to-earnings ratio of 10.74 and a beta of 0.28.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HYGH. Integrated Wealth Concepts LLC acquired a new position in iShares Interest Rate Hedged High Yield Bond ETF during the 2nd quarter worth about $87,000. OxenFree Capital LLC bought a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the 1st quarter worth about $202,000. Diversify Wealth Management LLC bought a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the 1st quarter worth about $291,000. Trademark Financial Management LLC grew its holdings in 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 acquiring an additional 1,025 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in iShares Interest Rate Hedged High Yield Bond ETF in the 3rd quarter valued at about $438,000.

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.