BGRN Stock Summary and Trading Ideas (iShares USD Green Bond ETF | NASDAQ:BGRN)

The iShares USD Green Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated investment-grade green bonds that are issued by U.S. and non-U.S. issuers to fund environmental projects. It provides exposure to U.S. dollar-denominated, investment-grade green bonds whose proceeds are exclusively applied to projects or activities that promote climate or other environmental sustainability purposes.

iShares USD Green Bond ETF trades on the NASDAQ stock market under the symbol BGRN.

As of April 19, 2024, BGRN stock price climbed to $45.98 with 36,661 million shares trading.

BGRN has a beta of 0.23, meaning it tends to be less sensitive to market movements. BGRN has a correlation of 0.31 to the broad based SPY ETF.

BGRN has a market cap of $347.15 million. This is considered a Small Cap stock.

In the last 3 years, BGRN stock traded as high as $56.18 and as low as $44.18.

BGRN has underperformed the market in the last year with a return of +1.8%, while the SPY ETF gained +21.2%. In the last 3 month period, BGRN fell short of the market, returning -0.9%, while SPY returned +3.0%. However, in the most recent 2 weeks BGRN has outperformed the stock market by returning -1.0%, while SPY returned -4.5%.

BGRN support price is $45.74 and resistance is $46.04 (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 BGRN stock will trade within this expected range on the day.