iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Hits New 52-Week Low – Time to Sell?

Shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) hit a new 52-week low during trading on Thursday. The stock traded as low as $84.60 and last traded at $84.6770, with a volume of 2,861 shares. The stock had previously closed at $85.24.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

The stock’s 50 day simple moving average is $86.22 and its two-hundred day simple moving average is $86.31. The stock has a market cap of $653.84 million, a price-to-earnings ratio of 10.74 and a beta of 0.28.

Institutional Investors Weigh In On iShares Interest Rate Hedged High Yield Bond ETF

Several large investors have recently made changes to their positions in HYGH. Integrated Wealth Concepts LLC acquired a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF during the second quarter worth approximately $87,000. OxenFree Capital LLC acquired a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF in the 1st quarter worth approximately $202,000. Diversify Wealth Management LLC acquired a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF in the 1st quarter worth approximately $291,000. Trademark Financial Management LLC boosted its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 40.1% in the 1st quarter. Trademark Financial Management LLC now owns 3,578 shares of the company’s stock worth $306,000 after acquiring an additional 1,025 shares in the last quarter. Finally, Mather Group LLC. bought a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the 3rd quarter worth approximately $438,000.

iShares Interest Rate Hedged High Yield Bond ETF Company Profile

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.