HSRT Stock Summary and Trading Ideas (Hartford Short Duration ETF | BATS:HSRT)

The Fund seeks to achieve its investment objective by investing in securities that Wellington Management Company LLP ( Wellington Management ) considers to be attractive giving consideration to both yield and total return. The Fund normally invests in investment grade securities. The Fund may invest up to 35%of its net assets in non-investment grade fixed income securities (also referred to as junk bonds ). The Fund may also invest up to 35% of its net assets in bank loans or loan participation interests in secured or unsecured variable, fixed or floating rate loans to U.S. and foreign corporations, partnerships and other entities ( Bank Loans ). The Fund s investments in non-investment grade Bank Loans and other non-investment grade fixed income securities in the aggregate may not exceed 35% of its net assets. Under normal circumstances, the Fund will invest at least 80% of its net assets in fixed income securities, including Bank Loans. The Fund normally will maintain a dollar weighted average duration of less than 3 years.

Hartford Short Duration ETF trades on the BATS stock market under the symbol HSRT.

As of April 16, 2024, HSRT stock price was flat at $39.02 with 70,809 million shares trading.

HSRT has a beta of 0.08, meaning it tends to be less sensitive to market movements. HSRT has a correlation of 0.19 to the broad based SPY ETF.

HSRT has a market cap of $105.35 million. This is considered a Micro Cap stock.

In the last 3 years, HSRT stock traded as high as $41.48 and as low as $35.89.

HSRT has underperformed the market in the last year with a return of +6.3%, while the SPY ETF gained +23.7%. In the last 3 month period, HSRT fell short of the market, returning +1.1%, while SPY returned +6.0%. However, in the most recent 2 weeks HSRT has outperformed the stock market by returning +0.3%, while SPY returned -3.6%.

HSRT support price is $38.97 and resistance is $39.07 (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 HSRT stock will trade within this expected range on the day.