iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) Hits New 52-Week Low – What’s Next?

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

iShares Interest Rate Hedged High Yield Bond ETF Stock Down 0.4%

The firm’s 50-day moving average price is $86.16 and its 200-day moving average price is $86.30. The company has a market cap of $652.11 million, a P/E ratio of 10.74 and a beta of 0.28.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. ARS Wealth Advisors Group LLC raised its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 60.0% during the 3rd quarter. ARS Wealth Advisors Group LLC now owns 575,111 shares of the company’s stock valued at $49,247,000 after acquiring an additional 215,708 shares during the period. AdvisorNet Financial Inc bought a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF in the third quarter worth $8,027,000. Mather Group LLC. bought a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF in the third quarter worth $438,000. MinichMacGregor Wealth Management LLC boosted its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 4.2% in the third quarter. MinichMacGregor Wealth Management LLC now owns 162,535 shares of the company’s stock worth $13,918,000 after acquiring an additional 6,585 shares during the period. Finally, Focus Financial Network Inc. grew its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 2.6% in the third quarter. Focus Financial Network Inc. now owns 37,957 shares of the company’s stock valued at $3,250,000 after purchasing an additional 961 shares in the last quarter.

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.