BYLD Stock Summary and Trading Ideas (iShares Yield Optimized Bond ETF | ARCA:BYLD)

The iShares Yield Optimized Bond ETF fund seeks to track the investment results of an index composed of underlying fixed income funds that collectively seek to deliver current income.

iShares Yield Optimized Bond ETF trades on the ARCA stock market under the symbol BYLD.

As of April 16, 2024, BYLD stock price declined to $21.81 with 18,673 million shares trading.

BYLD has a beta of 0.30, meaning it tends to be less sensitive to market movements. BYLD has a correlation of 0.43 to the broad based SPY ETF.

BYLD has a market cap of $169.03 million. This is considered a Micro Cap stock.

In the last 3 years, BYLD stock traded as high as $25.51 and as low as $20.90.

BYLD has underperformed the market in the last year with a return of +3.9%, while the SPY ETF gained +23.9%. In the last 3 month period, BYLD fell short of the market, returning -1.7%, while SPY returned +6.2%. However, in the most recent 2 weeks BYLD has outperformed the stock market by returning -1.2%, while SPY returned -3.4%.

BYLD support price is $21.77 and resistance is $21.93 (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 BYLD stock will trade within this expected range on the day.