IQ Real Return ETF (NYSEARCA:CPI) Shares Down 0% – Here’s Why

IQ Real Return ETF (NYSEARCA:CPI)’s share price dropped 0% during mid-day trading on Friday . The stock traded as low as $25.58 and last traded at $25.60. Approximately 500 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 1,842 shares. The stock had previously closed at $25.61.

IQ Real Return ETF Stock Performance

The firm has a market capitalization of $7.68 million, a P/E ratio of 18.48 and a beta of 0.27. The stock’s 50 day simple moving average is $25.60 and its 200 day simple moving average is $25.60.

About IQ Real Return ETF

CPI Inflation Hedged ETF seeks investment results, which correspond to the price and yield performance of the IQ CPI Inflation Hedged Index. The Index seeks to provide a hedge against the United States inflation rate by providing a real return or a return above the rate of inflation, as represented by the Consumer Price Index, which is published by the Bureau of Labor Statistics and is a measure of the average change in prices over time of goods and services purchased by households.