HYG Stock Summary and Trading Ideas (iShares Iboxx $ High Yield Corporate Bond ETF | ARCA:HYG)

The iShares iBoxx $ High Yield Corporate Bond Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the iBoxx $ Liquid High Yield Index a corporate bond market index compiled by the International Index Company Limited.

iShares Iboxx $ High Yield Corporate Bond ETF trades on the ARCA stock market under the symbol HYG.

As of November 18, 2024, HYG stock price climbed to $79.38 with 20,333,123 million shares trading.

HYG has a beta of 0.24, meaning it tends to be less sensitive to market movements. HYG has a correlation of 0.39 to the broad based SPY ETF.

HYG has a market cap of $14.97 billion. This is considered a Large Cap stock.

In the last 3 years, HYG traded as high as $87.32 and as low as $70.40.

HYG has underperformed the market in the last year with a price return of +12.8% while the SPY ETF gained +32.4%. HYG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.5% and +0.8%, respectively, while the SPY returned +6.7% and +3.0%, respectively.

HYG support price is $79.03 and resistance is $79.43 (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 HYG shares will trade within this expected range on the day.