iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) Trading Up 0.1% – Still a Buy?

iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI)’s share price were up 0.1% during trading on Thursday . The company traded as high as $26.94 and last traded at $26.93. Approximately 518 shares were traded during trading, a decline of 61% from the average daily volume of 1,318 shares. The stock had previously closed at $26.89.

iShares Inflation Hedged High Yield Bond ETF Stock Down 0.3 %

The stock has a market cap of $5.37 million, a P/E ratio of 10.93 and a beta of 0.47. The firm has a 50 day simple moving average of $26.98 and a 200-day simple moving average of $26.84.

Institutional Trading of iShares Inflation Hedged High Yield Bond ETF

An institutional investor recently raised its position in iShares Inflation Hedged High Yield Bond ETF stock. Glass Jacobson Investment Advisors llc grew its holdings in iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) by 771.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,735 shares of the company’s stock after acquiring an additional 1,536 shares during the quarter. Glass Jacobson Investment Advisors llc owned 1.74% of iShares Inflation Hedged High Yield Bond ETF worth $46,000 as of its most recent SEC filing.

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.