GOVT Stock Summary and Trading Ideas (iShares U.S. Treasury Bond ETF | BATS:GOVT)

The Fund seeks to track the investment results of the ICE U.S. Treasury Core Bond Index (the Underlying Index ), which measures the performance of public obligations of the U.S. Treasury. As of October 31, 2020, there were 261 issues in the Underlying Index. The Underlying Index includes publicly-issued U.S. Treasury securities that have a remaining maturity greater than one year and less than or equal to thirty years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve System (the Fed ) Open Market Account or bought at issuance by the Fed. As of October 31, 2020, the dollar-weighted average maturity of the Underlying Index was 8.32 years. In addition, the securities in the Underlying Index must be fixed-rate and denominated in U.S. dollars. Excluded from the Underlying Index are inflation-linked securities, cash management bills, Treasury bills, any government agency debt issued with or without a government guarantee and zero coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is weighted by market capitalization excluding amounts held by the Fed Open Market Account or bought at issuance by the Fed, and the securities in the Underlying Index are updated on the last business day of each month.

iShares U.S. Treasury Bond ETF trades on the BATS stock market under the symbol GOVT.

As of April 24, 2024, GOVT stock price declined to $22.17 with 6,825,212 million shares trading.

GOVT has a beta of 0.24, meaning it tends to be less sensitive to market movements. GOVT has a correlation of 0.26 to the broad based SPY ETF.

GOVT has a market cap of $25.13 billion. This is considered a Large Cap stock.

In the last 3 years, GOVT stock traded as high as $27.05 and as low as $21.59.

GOVT has underperformed the market in the last year with a return of -2.2%, while the SPY ETF gained +24.1%. In the last 3 month period, GOVT fell short of the market, returning -1.6%, while SPY returned +4.5%. However, in the most recent 2 weeks GOVT has outperformed the stock market by returning -0.4%, while SPY returned -1.7%.

GOVT support price is $22.15 and resistance is $22.31 (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 GOVT stock will trade within this expected range on the day.