iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) Shares Down 0% – Here’s What Happened

Shares of iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) traded down 0% on Wednesday . The company traded as low as $27.31 and last traded at $27.31. 256 shares were traded during mid-day trading, a decline of 89% from the average session volume of 2,298 shares. The stock had previously closed at $27.32.

iShares Inflation Hedged High Yield Bond ETF Trading Down 0.0%

The business has a fifty day simple moving average of $27.31 and a two-hundred day simple moving average of $27.31. The company has a market cap of $5.46 million, a PE ratio of 10.82 and a beta of -0.70.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares Inflation Hedged High Yield Bond ETF stock. Royal Bank of Canada acquired a new stake in iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 30,915 shares of the company’s stock, valued at approximately $831,000. Royal Bank of Canada owned approximately 15.46% of iShares Inflation Hedged High Yield Bond ETF as of its most recent filing with the Securities and Exchange Commission.

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. HYGI was launched on Jun 22, 2022 and is managed by BlackRock.