HYLB Stock Summary and Trading Ideas (X-Trackers USD High Yield Corporate Bond ETF | ARCA:HYLB)

Xtrackers USD High Yield Corporate Bond ETF seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive USD High Yield Corporates Total Market Index.

X-Trackers USD High Yield Corporate Bond ETF trades on the ARCA stock market under the symbol HYLB.

As of May 13, 2024, HYLB stock price climbed to $35.37 with 140,377 million shares trading.

HYLB has a beta of 0.39, meaning it tends to be less sensitive to market movements. HYLB has a correlation of 0.55 to the broad based SPY ETF.

HYLB has a market cap of $3.19 billion. This is considered a Mid Cap stock.

In the last 3 years, HYLB stock traded as high as $40.36 and as low as $32.26.

HYLB has underperformed the market in the last year with a price return of +9.2% while the SPY ETF gained +28.0%. HYLB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.2% and +1.1%, respectively, while the SPY returned +4.4% and +2.6%, respectively.

HYLB support price is $35.17 and resistance is $35.43 (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 HYLB stock will trade within this expected range on the day.