HYGH Stock Summary and Trading Ideas (iShares Interest Rate Hedged High Yield Bond ETF | ARCA:HYGH)

The iShares Interest Rate Hedged High Yield Bond ETF seeks to track the investment results of an index designed to mitigate the interest rate risk of a portfolio composed of U.S. dollar-denominated, high yield corporate bonds.

iShares Interest Rate Hedged High Yield Bond ETF trades on the ARCA stock market under the symbol HYGH.

As of April 25, 2024, HYGH stock price declined to $85.06 with 4,366 million shares trading.

HYGH has a beta of 0.24, meaning it tends to be less sensitive to market movements. HYGH has a correlation of 0.56 to the broad based SPY ETF.

HYGH has a market cap of $233.91 million. This is considered a Small Cap stock.

In the last 3 years, HYGH stock traded as high as $88.49 and as low as $78.40.

HYGH has underperformed the market in the last year with a return of +12.4%, while the SPY ETF gained +22.6%. In the last 3 month period, HYGH fell short of the market, returning +2.5%, while SPY returned +3.1%. However, in the most recent 2 weeks HYGH has outperformed the stock market by returning 0.0%, while SPY returned -2.9%.

HYGH support price is $85.13 and resistance is $85.65 (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 HYGH stock will trade within this expected range on the day.