SHY Stock Summary and Trading Ideas (iShares 1-3 Year Treasury Bond ETF | NASDAQ:SHY)

The iShares 1-3 Year Treasury Bond ETF seeks to track the investment results of an index composed of U.S. Treasury bonds with remaining maturities between one and three years. The ICE U.S. Treasury 1-3 Year Bond Index is part of a series of indices intended to assess U.S. Treasury issued debt. Only U.S. dollar denominated, fixed rate securities with minimum term to maturity greater than one year and less than or equal to three years are included.

iShares 1-3 Year Treasury Bond ETF trades on the NASDAQ stock market under the symbol SHY.

As of April 24, 2024, SHY stock price declined to $81.24 with 447,312 million shares trading.

SHY has a beta of 0.05, meaning it tends to be less sensitive to market movements. SHY has a correlation of 0.09 to the broad based SPY ETF.

SHY has a market cap of $24.53 billion. This is considered a Large Cap stock.

In the last 3 years, SHY stock traded as high as $86.34 and as low as $80.48.

SHY has underperformed the market in the last year with a return of +2.5%, while the SPY ETF gained +24.4%. In the last 3 month period, SHY fell short of the market, returning -0.1%, while SPY returned +4.7%. However, in the most recent 2 weeks SHY has outperformed the stock market by returning -0.2%, while SPY returned -2.5%.

SHY support price is $81.19 and resistance is $81.37 (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 SHY stock will trade within this expected range on the day.