iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) Trading 0.1% Higher – Time to Buy?

Shares of iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) were up 0.1% on Thursday . The company traded as high as $26.94 and last traded at $26.93. Approximately 518 shares changed hands 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 Up 0.1 %

The firm’s 50 day simple moving average is $26.98 and its 200-day simple moving average is $26.84. The company has a market capitalization of $5.39 million, a PE ratio of 10.93 and a beta of 0.47.

Institutional Investors Weigh In On 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 boosted its position in shares of iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) by 771.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,735 shares of the company’s stock after purchasing an additional 1,536 shares during the period. Glass Jacobson Investment Advisors llc owned approximately 1.74% of iShares Inflation Hedged High Yield Bond ETF worth $46,000 at the end of the most recent reporting period.

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.