SHYG Stock Summary and Trading Ideas (iShares 0-5 Year High Yield Corporate Bond ETF | ARCA:SHYG)

The iShares 0-5 Year High Yield Corporate Bond ETF seeks investment results that correspond generally to the price and yield performance before fees and expenses of the short term U.S. high yield corporate bonds market as defined by the iShares 0-5 Year High Yield Corporate Bond ETF.

iShares 0-5 Year High Yield Corporate Bond ETF trades on the ARCA stock market under the symbol SHYG.

As of April 15, 2024, SHYG stock price declined to $41.75 with 1,015,641 million shares trading.

SHYG has a beta of 0.31, meaning it tends to be less sensitive to market movements. SHYG has a correlation of 0.59 to the broad based SPY ETF.

SHYG has a market cap of $5.79 billion. This is considered a Mid Cap stock.

In the last 3 years, SHYG stock traded as high as $46.12 and as low as $39.49.

SHYG has underperformed the market in the last year with a return of +7.7%, while the SPY ETF gained +25.3%. In the last 3 month period, SHYG fell short of the market, returning 0.0%, while SPY returned +6.2%. However, in the most recent 2 weeks SHYG has outperformed the stock market by returning -0.7%, while SPY returned -3.6%.

SHYG support price is $41.83 and resistance is $42.03 (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 SHYG stock will trade within this expected range on the day.