(please see the image below) For IHYG.L, there are vertical gaps EXACTLY every half a year, why? I thought stockcharts.com always adjusted prices for dividends/splits. Is this an exception? Thanks.
It is normal for bonds to have a sawtooth price chart. When interest is paid, prices drop. Then, prices recover as time passes to come near to the next interest payment day. This gives the price chart a sawtooth look over time. I don't think it is correct for bonds to adjust for interest payment. I don't know what is standard practice, though.
Stockcharts.com says they have already adjusted for the dividends. For example, the chart for HYG is smooth without such semi-annual gaps. I am wondering why IHYG.L is not handled correctly.