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 December 19, 2024, HYG stock price climbed to $78.22 with 47,892,874 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 0.43 to the broad based SPY ETF.

HYG has a market cap of $15.43 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 return of +7.4%, while the SPY ETF gained +24.9%. In the last 3 month period, HYG fell short of the market, returning -0.5%, while SPY returned +3.6%. However, in the most recent 2 weeks HYG has outperformed the stock market by returning -1.4%, while SPY returned -3.0%.

HYG support price is $77.98 and resistance is $78.36 (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.