IHTA Stock Summary and Trading Ideas (Invesco High Income 2024 Target Term Common Shares Of Beneficial Interest No Par Value Per Share | NYSE:IHTA)

The Fund’s investment objectives are to provide a high level of current income and to return Original NAV to Common Shareholders on or about the Termination Date.

Invesco High Income 2024 Target Term Common Shares Of Beneficial Interest No Par Value Per Share trades on the NYSE stock market under the symbol IHTA.

As of April 19, 2024, IHTA stock price declined to $7.41 with 15,121 million shares trading.

IHTA has a beta of 0.36, meaning it tends to be less sensitive to market movements. IHTA has a correlation of 0.19 to the broad based SPY ETF.

IHTA has a market cap of $65.11 million. This is considered a Micro Cap stock.

In the last 3 years, IHTA stock traded as high as $10.10 and as low as $6.47.

IHTA stock has underperformed the market in the last year with a return of +5.6%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in IHTA shares. However, IHTA has outperformed the market in the last 3 month and 2 week periods, returning +5.8% and -0.4%, while SPY returned +4.3% and -3.5%, respectively. This indicates IHTA has been having a stronger performance recently.

IHTA support price is $7.41 and resistance is $7.47 (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 IHTA stock will trade within this expected range on the day.