HYDB Stock Summary and Trading Ideas (iShares High Yield Systematic Bond ETF | BATS:HYDB)

The iShares High Yield Systematic Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds. The BlackRock High Yield Systematic Bond Index measures the performance of a strategy that starts with a broad, market value weighted universe of U.S. dollar-denominated high yield corporates.

iShares High Yield Systematic Bond ETF trades on the BATS stock market under the symbol HYDB.

As of April 18, 2024, HYDB stock price climbed to $45.66 with 120,455 million shares trading.

HYDB has a beta of 0.42, meaning it tends to be less sensitive to market movements. HYDB has a correlation of 0.55 to the broad based SPY ETF.

HYDB has a market cap of $531.94 million. This is considered a Small Cap stock.

In the last 3 years, HYDB stock traded as high as $52.15 and as low as $42.02.

HYDB has underperformed the market in the last year with a return of +10.2%, while the SPY ETF gained +22.3%. In the last 3 month period, HYDB fell short of the market, returning +0.8%, while SPY returned +6.1%. However, in the most recent 2 weeks HYDB has outperformed the stock market by returning -1.3%, while SPY returned -3.8%.

HYDB support price is $45.48 and resistance is $45.78 (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 HYDB stock will trade within this expected range on the day.