ABHY Stock Summary and Trading Ideas (Abacus Tactical High Yield ETF | BATS:ABHY)

Abacus Tactical High Yield ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FCF Tactical High Yield Index. It seeks to participate in the high yield bond market which offers generally high coupon rates to potentially provide a high level of current income. It aims to capture the majority of the upside and more importantly avoid the majority of the downside of the high yield asset class during a full credit market cycle. The Underlying Index is designed to track the performance of a strategy that seeks to provide equity exposure to U.S. publicly traded companies with strong free cash flow and strong research and development investment. To be eligible for inclusion in the Underlying Index, a High Yield Bond ETF must (i) be U.S. listed (ii) invest primarily in U.S. high yield debt instruments (iii) have more than 1 billion in assets under management ("AUM") (iv) have an expense ratio of less than 0.50% and (v) have an investment process that excludes factors, hedges and long/short strategies. Eligible High Yield Bond ETFs are weighted based on their expenses (lower expenses increase weighting) and AUM . These securities comprise the High Yield Bond Portfolio of the Underlying Index.

Abacus Tactical High Yield ETF trades on the BATS stock market under the symbol ABHY.

As of January 17, 2025, ABHY stock price was flat at $19.10 with 104 million shares trading.

ABHY has a market cap of $2.87 million. This is considered a Sub-Micro Cap stock.

ABHY support price is $18.95 and resistance is $19.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ABHY shares will trade within this expected range on the day.