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 April 26, 2024, IYE stock price declined to $50.02 with 421,949 million shares trading.

IYE has a beta of 0.52, 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 $1.38 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 stock has underperformed the market in the last year with a return of +17.3%, while SPY returned +27.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in IYE shares. However, IYE has outperformed the market in the last 3 month and 2 week periods, returning +14.1% and -0.4%, while SPY returned +4.6% and -0.5%, respectively. This indicates IYE has been having a stronger performance recently.

IYE support price is $49.91 and resistance is $51.00 (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.