IQ Real Return ETF (NYSEARCA:CPI) Trading Down 0% – Here’s What Happened

IQ Real Return ETF (NYSEARCA:CPI)’s share price dropped 0% during mid-day trading on Monday . The stock traded as low as $25.58 and last traded at $25.60. Approximately 500 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 1,842 shares. The stock had previously closed at $25.61.

IQ Real Return ETF Stock Performance

The business has a 50-day simple moving average of $25.60 and a 200 day simple moving average of $25.60. The firm has a market cap of $7.68 million, a P/E ratio of 17.26 and a beta of 0.27.

IQ Real Return ETF Company Profile

CPI Inflation Hedged ETF seeks investment results, which correspond to the price and yield performance of the IQ CPI Inflation Hedged Index. The Index seeks to provide a hedge against the United States inflation rate by providing a real return or a return above the rate of inflation, as represented by the Consumer Price Index, which is published by the Bureau of Labor Statistics and is a measure of the average change in prices over time of goods and services purchased by households.