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

IQ Real Return ETF (NYSEARCA:CPI)’s share price dropped 0% during trading on Monday . The company traded as low as $25.58 and last traded at $25.60. Approximately 500 shares traded 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’s 50 day simple moving average is $25.60 and its 200-day simple moving average is $25.60. The company has a market cap of $7.68 million, a price-to-earnings ratio of 18.48 and a beta of 0.27.

About IQ Real Return ETF

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.