iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Stock Price Up 0% – Here’s What Happened

Shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) were up 0% on Monday . The company traded as high as $86.55 and last traded at $86.47. 42,405 shares were traded during trading, a decline of 34% from the average daily volume of 64,460 shares. The stock had previously closed at $86.46.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

The company has a 50-day simple moving average of $86.46 and a 200-day simple moving average of $86.26. The stock has a market cap of $596.92 million, a PE ratio of 10.74 and a beta of 0.27.

Institutional Trading of iShares Interest Rate Hedged High Yield Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 12.1% in the first quarter. Royal Bank of Canada now owns 15,785 shares of the company’s stock valued at $1,344,000 after buying an additional 1,709 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 291.4% during the 1st quarter. Jane Street Group LLC now owns 44,532 shares of the company’s stock worth $3,794,000 after acquiring an additional 33,154 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 6.6% in the 2nd quarter. Cetera Investment Advisers now owns 5,315 shares of the company’s stock worth $460,000 after acquiring an additional 329 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF in the 2nd quarter worth approximately $424,000. Finally, Flow Traders U.S. LLC purchased a new position in iShares Interest Rate Hedged High Yield Bond ETF in the 2nd quarter valued at approximately $392,000.

About iShares Interest Rate Hedged High Yield Bond ETF

The iShares Interest Rate Hedged High Yield Bond ETF (HYGH) 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) that targets USD-denominated corporate high-yield bonds while mitigating interest-rate risk. HYGH was launched on May 27, 2014 and is managed by BlackRock.