AGGH Stock Summary and Trading Ideas (Simplify Aggregate Bond Plus Credit Hedge ETF | ARCA:AGGH)

The Simplify Aggregate Bond PLUS Credit Hedge ETF (AGGH) seeks to maximize total return by investing primarily in investment grade (IG) bonds while mitigating credit risk. The underlying ETFs that the Fund will invest in may target bonds with different maturities, durations, and quality requirements in connection with their investment strategies. Duration is a measure of price sensitivity of a debt security or a portfolio of debt securities to relative changes in interest rates. For instance, a duration of "five years" means that a security's or portfolio's price would be expected to decrease by approximately 5% with a 1% increase in interest rates (assuming a parallel shift in yield curve). Maturity is the period during which its owner will receive interest payments on the investment. When the bond reaches maturity, the Fund is repaid its par, or face value. A bond's quality is a reference to the grade given to a bond by a rating service that indicates its credit quality. The rating takes into consideration a bond issuer's financial strength or its ability to pay a bond's principal and interest in a timely fashion. For instance, a "AAA" high-grade rated bond offers more security and lower profit potential (lower yield) than a "B-" rated speculative bond.

Simplify Aggregate Bond Plus Credit Hedge ETF trades on the ARCA stock market under the symbol AGGH.

As of April 19, 2024, AGGH stock price climbed to $20.65 with 30,874 million shares trading.

AGGH has a beta of 0.28, meaning it tends to be less sensitive to market movements. AGGH has a correlation of 0.22 to the broad based SPY ETF.

AGGH has a market cap of $191.02 million. This is considered a Micro Cap stock.

AGGH has underperformed the market in the last year with a return of +0.1%, while the SPY ETF gained +21.2%. In the last 3 month period, AGGH fell short of the market, returning -2.4%, while SPY returned +4.3%. However, in the most recent 2 weeks AGGH has outperformed the stock market by returning -2.7%, while SPY returned -3.5%.

AGGH support price is $20.45 and resistance is $20.77 (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 AGGH stock will trade within this expected range on the day.