FALN Stock Summary and Trading Ideas (iShares Fallen Angels USD Bond ETF | NASDAQ:FALN)

The ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds that were previously rated investment grade. Bonds are market value weighted with a 3% cap on each issuer. The bonds eligible for inclusion in the Underlying Index are U.S. dollar-denominated corporate bonds that: (i) are issued by companies domiciled in countries classified as developed markets by the index provider (based primarily on World Bank income classifications); (ii) have an average rating of below-investment grade; (iii) previously had an average rating of investment grade; (iv) have at least $150 million of outstanding face value;(v) have a fixed-rate coupon; and (vi) have at least one year to maturity. Securities in the Underlying Index must be rated below-investment grade (lower than BBB- by Standard & Poors Ratings Services and Fitch, or Baa3 by Moodys) using the middle rating of Moodys, Standard and Poors Ratings Services, or Fitch after dropping the highest and lowest available ratings. When a rating from only two agencies is available, the lower rating is used. When a rating from only one agency is available, that rating is used to determine eligibility in the Underlying Index.

iShares Fallen Angels USD Bond ETF trades on the NASDAQ stock market under the symbol FALN.

As of April 22, 2024, FALN stock price climbed to $26.16 with 209,658 million shares trading.

FALN has a beta of 0.43, meaning it tends to be less sensitive to market movements. FALN has a correlation of 0.56 to the broad based SPY ETF.

FALN has a market cap of $1.61 billion. This is considered a Small Cap stock.

In the last 3 years, FALN stock traded as high as $30.44 and as low as $23.41.

FALN has underperformed the market in the last year with a return of +9.9%, while the SPY ETF gained +22.3%. In the last 3 month period, FALN fell short of the market, returning +0.1%, while SPY returned +3.9%. However, in the most recent 2 weeks FALN has outperformed the stock market by returning -1.5%, while SPY returned -3.6%.

FALN support price is $25.98 and resistance is $26.18 (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 FALN stock will trade within this expected range on the day.