NUSA Stock Summary and Trading Ideas (Nushares Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF | ARCA:NUSA)

The Fund seeks to track the investment results, before fees and expenses, of the ICE BofA Enhanced Yield 1-5 Year US Broad Bond Index. The Funds offers the potential for enhanced yield relative to the short-term, taxable investment grade fixed income market with comparable risk. The Fund invests primarily in U.S. government securities, debt securities issued by U.S. corporations, residential and commercial mortgage-backed securities, asset-based securities that are publicly offered for sale in the U.S., with a remaining term to final maturity, or an average life, of less than five years. The ICE BofA Enhanced Yield 1-5 Year US Broad Bond Index (the Enhanced Index ) is designed to broadly capture the 1-5 year U.S investment grade fixed income market. Rather than weighting by capitalization, the Enhanced Index uses a rules-based methodology that allocates higher weights to securities and sectors that have the potential for higher yield while maintaining comparable risk.

Nushares Enhanced Yield 1-5 Year U.S. Aggregate Bond ETF trades on the ARCA stock market under the symbol NUSA.

As of April 25, 2024, NUSA stock price declined to $22.65 with 1,856 million shares trading.

NUSA has a market cap of $22.65 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, NUSA stock traded as high as $25.36 and as low as $22.33.

NUSA has underperformed the market in the last year with a return of +2.0%, while the SPY ETF gained +23.6%. In the last 3 month period, NUSA fell short of the market, returning -0.6%, while SPY returned +4.1%. However, in the most recent 2 weeks NUSA has outperformed the stock market by returning 0.0%, while SPY returned -2.1%.

NUSA support price is $22.63 and resistance is $22.72 (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 NUSA stock will trade within this expected range on the day.