NUAG Stock Summary and Trading Ideas (Nushares Enhanced Yield U.S. Aggregate Bond ETF | ARCA:NUAG)

The Fund seeks to track the investment results, before fees and expenses, of ICE BofA Enhanced Yield US Broad Bond Index. The Fund employs a passive management (or indexing ) approach, seeking to track the investment results, before fees and expenses, of the ICE BofA Enhanced Yield US Broad Bond Index (the Enhanced Index ). The Fund generally invests in a sample of the securities in the Enhanced Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Enhanced Index. Under normal market conditions, the Fund invests at least 80% of its assets, exclusive of collateral held from securities lending, in component securities of the Enhanced Index. The Enhanced Index is designed to broadly capture the U.S. investment grade fixed income market and uses a rules-based weighting methodology that seeks to enhance yield while maintaining comparable risk. The Enhanced Index is primarily comprised of U.S. government securities, debt securities issued by U.S. corporations, residential and commercial mortgage-backed securities, asset-backed securities and U.S. dollar-denominated debt securities issued by non-U.S. governments and corporations that are publicly offered for sale in the U.S.

Nushares Enhanced Yield U.S. Aggregate Bond ETF trades on the ARCA stock market under the symbol NUAG.

As of April 18, 2024, NUAG stock price declined to $20.34 with 886 million shares trading.

NUAG has a market cap of $28.48 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, NUAG stock traded as high as $25.35 and as low as $19.42.

NUAG has underperformed the market in the last year with a return of +1.5%, while the SPY ETF gained +22.2%. In the last 3 month period, NUAG fell short of the market, returning -1.4%, while SPY returned +5.2%. However, in the most recent 2 weeks NUAG has outperformed the stock market by returning -1.7%, while SPY returned -2.6%.

NUAG support price is $20.29 and resistance is $20.43 (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 NUAG stock will trade within this expected range on the day.