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 September 18, 2024, HYG stock price climbed to $79.92 with 38,174,117 million shares trading.

HYG has a beta of 0.28, meaning it tends to be less sensitive to market movements. HYG has a correlation of 0.42 to the broad based SPY ETF.

HYG has a market cap of $16.63 billion. This is considered a Large Cap stock.

In the last 3 years, HYG stock traded as high as $88.16 and as low as $70.40.

HYG has underperformed the market in the last year with a price return of +13.3% while the SPY ETF gained +27.8%. However, in the short term, HYG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.2% vs +2.9% return in SPY. But in the last 2 weeks, HYG shares have been beat by the market, returning +1.6% compared to an SPY return of +1.7%.

HYG support price is $79.68 and resistance is $80.02 (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 stock will trade within this expected range on the day.