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 January 31, 2025, HYG stock price declined to $79.72 with 32,941,026 million shares trading.

HYG has a beta of 0.22, meaning it tends to be less sensitive to market movements. HYG has a correlation of 0.49 to the broad based SPY ETF.

HYG has a market cap of $15.04 billion. This is considered a Large Cap stock.

In the last 3 years, HYG traded as high as $84.96 and as low as $70.40.

HYG has underperformed the market in the last year with a price return of +8.7% while the SPY ETF gained +24.0%. HYG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.9% and +0.4%, respectively, while the SPY returned +4.1% and +1.7%, respectively.

HYG support price is $79.68 and resistance is $80.08 (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.