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

iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI)’s share price fell 0% during mid-day trading on Friday . The stock traded as low as $27.31 and last traded at $27.31. 256 shares changed hands during 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 Stock Performance

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

Institutional Trading of iShares Inflation Hedged High Yield Bond ETF

An institutional investor recently bought a new stake in iShares Inflation Hedged High Yield Bond ETF stock. Royal Bank of Canada bought a new position in shares of iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 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 as of its most recent filing with the SEC.

About iShares Inflation Hedged High Yield Bond ETF

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.