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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 May 1, 2024, HYDB stock price climbed to $45.88 with 168,584 million shares trading.
HYDB has a beta of 0.39, meaning it tends to be less sensitive to market movements. HYDB has a correlation of 0.54 to the broad based SPY ETF.
HYDB has a market cap of $564.32 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 +10.7%, while the SPY ETF gained +21.9%. In the last 3 month period, HYDB fell short of the market, returning +0.2%, while SPY returned +2.3%. However, in the most recent 2 weeks HYDB has outperformed the stock market by returning +0.7%, while SPY returned -0.6%.
HYDB support price is $45.55 and resistance is $45.88 (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.