IYE Stock Summary and Trading Ideas (iShares U.S. Energy ETF | ARCA:IYE)

The iShares U.S. Energy ETF seeks to track the investment results of an index composed of U.S. equities in the energy sector. IYE Changed its index from the Dow Jones U.S. Oil & Gas Index to the Russell 1000 Energy RIC 22.5/45 Capped Index.

iShares U.S. Energy ETF trades on the ARCA stock market under the symbol IYE.

As of May 9, 2024, IYE stock price climbed to $49.23 with 138,369 million shares trading.

IYE has a beta of 0.51, meaning it tends to be less sensitive to market movements. IYE has a correlation of 0.11 to the broad based SPY ETF.

IYE has a market cap of $1.45 billion. This is considered a Small Cap stock.

In the last 3 years, IYE stock traded as high as $51.70 and as low as $24.49.

IYE has underperformed the market in the last year with a price return of +19.8% while the SPY ETF gained +27.3%. However, in the short term, IYE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +12.1% vs +4.4% return in SPY. But in the last 2 weeks, IYE shares have been beat by the market, returning -1.9% compared to an SPY return of +2.6%.

IYE support price is $48.11 and resistance is $49.33 (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 IYE stock will trade within this expected range on the day.