SMMD Stock Summary and Trading Ideas (iShares Trust iShares Russell 2500 ETF | BATS:SMMD)

The iShares Russell 2500 ETF seeks to track the investment results of an index composed of mid- and small-capitalization U.S. equities. The Underlying Index is a float-adjusted capitalization-weighted index of equity securities issued by approximately 2,500 of the smallest issuers in the Russell 3000 Index.

iShares Trust iShares Russell 2500 ETF trades on the BATS stock market under the symbol SMMD.

As of April 23, 2024, SMMD stock price climbed to $62.00 with 46,896 million shares trading.

SMMD has a beta of 1.16, meaning it tends to be more sensitive to market movements. SMMD has a correlation of 0.70 to the broad based SPY ETF.

SMMD has a market cap of $1.04 billion. This is considered a Small Cap stock.

In the last 3 years, SMMD stock traded as high as $70.76 and as low as $49.00.

SMMD has underperformed the market in the last year with a price return of +15.2% while the SPY ETF gained +24.3%. SMMD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.7% and -3.9%, respectively, while the SPY returned +4.6% and -2.6%, respectively.

SMMD support price is $60.27 and resistance is $61.79 (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 SMMD stock will trade within this expected range on the day.