HYZD Stock Summary and Trading Ideas (WisdomTree Interest Rate Hedged High Yield Bond | NASDAQ:HYZD)

The WisdomTree Interest Rate Hedged High Yield Bond Fund* seeks to track the price and yield performance, before fees and expenses, of ICE BofA Merrill Lynch 0-5 Year US High Yield Constrained, Zero Duration Index. Utilizes an Institutional style approach that combines long positions in bonds representative of the BofA Merrill Lynch 0-5 year US High Yield Bond Index with a short position in Treasury securities to target zero duration.

WisdomTree Interest Rate Hedged High Yield Bond trades on the NASDAQ stock market under the symbol HYZD.

As of December 13, 2024, HYZD stock price climbed to $22.53 with 36,656 million shares trading.

HYZD has a beta of 0.18, meaning it tends to be less sensitive to market movements. HYZD has a correlation of 0.36 to the broad based SPY ETF.

HYZD has a market cap of $162.22 million. This is considered a Micro Cap stock.

In the last 3 years, HYZD traded as high as $22.63 and as low as $19.57.

HYZD has underperformed the market in the last year with a return of +10.2%, while the SPY ETF gained +29.9%. In the last 3 month period, HYZD fell short of the market, returning +4.2%, while SPY returned +7.8%. However, in the most recent 2 weeks HYZD has outperformed the stock market by returning +0.4%, while SPY returned +0.3%.

HYZD support price is $22.45 and resistance is $22.60 (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 HYZD shares will trade within this expected range on the day.