IEDI Stock Summary and Trading Ideas (iShares U.S. Consumer Focused ETF | BATS:IEDI)

The fund seeks to provide access to U.S. companies with discretionary spending exposure, as classified using a proprietary classification system, while targeting increased exposure to U.S. firms with a greater proportion of consumer spending and consumer goods and service production in the U.S. relative to the proprietary classification system.

iShares U.S. Consumer Focused ETF trades on the BATS stock market under the symbol IEDI.

As of April 30, 2024, IEDI stock price declined to $46.91 with 690 million shares trading.

IEDI has a beta of 0.97, meaning it tends to be less sensitive to market movements. IEDI has a correlation of 0.75 to the broad based SPY ETF.

IEDI has a market cap of $32.84 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, IEDI stock traded as high as $50.07 and as low as $33.93.

IEDI stock has underperformed the market in the last year with a return of +22.5%, while SPY returned +23.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in IEDI shares. However, IEDI has outperformed the market in the last 3 month and 2 week periods, returning +3.9% and +0.2%, while SPY returned +3.2% and +0.1%, respectively. This indicates IEDI has been having a stronger performance recently.

IEDI support price is $46.73 and resistance is $47.62 (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 IEDI stock will trade within this expected range on the day.