IHI Stock Summary and Trading Ideas (iShares U.S. Medical Devices ETF | ARCA:IHI)

The iShares Dow Jones U.S. Medical Devices Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the Dow Jones U.S. Select Medical Equipment Index.

iShares U.S. Medical Devices ETF trades on the ARCA stock market under the symbol IHI.

As of April 15, 2024, IHI stock price declined to $55.65 with 790,281 million shares trading.

IHI has a beta of 1.12, meaning it tends to be more sensitive to market movements. IHI has a correlation of 0.45 to the broad based SPY ETF.

IHI has a market cap of $5.31 billion. This is considered a Mid Cap stock.

In the last 3 years, IHI stock traded as high as $67.29 and as low as $43.96.

IHI has underperformed the market in the last year with a price return of +2.7% while the SPY ETF gained +25.3%. IHI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.8% and -5.0%, respectively, while the SPY returned +6.2% and -3.6%, respectively.

IHI support price is $55.53 and resistance is $56.67 (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 IHI stock will trade within this expected range on the day.