SPHY Stock Summary and Trading Ideas (SPDR Portfolio High Yield Bond ETF | ARCA:SPHY)

The SPDR Portfolio High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ICE BofAML US High Yield Index (the "Index"). The ICE BofAML US High Yield Index is market capitalization weighted and is designed to measure the performance of U.S. dollar denominated below investment grade (commonly referred to as "junk") corporate debt publicly issued in the U.S. domestic market.

SPDR Portfolio High Yield Bond ETF trades on the ARCA stock market under the symbol SPHY.

As of April 19, 2024, SPHY stock price climbed to $22.95 with 1,183,223 million shares trading.

SPHY has a beta of 0.40, meaning it tends to be less sensitive to market movements. SPHY has a correlation of 0.60 to the broad based SPY ETF.

SPHY has a market cap of $3.95 billion. This is considered a Mid Cap stock.

In the last 3 years, SPHY stock traded as high as $27.00 and as low as $21.45.

SPHY has underperformed the market in the last year with a return of +8.3%, while the SPY ETF gained +21.6%. In the last 3 month period, SPHY fell short of the market, returning +0.5%, while SPY returned +4.7%. However, in the most recent 2 weeks SPHY has outperformed the stock market by returning -0.9%, while SPY returned -3.1%.

SPHY support price is $22.82 and resistance is $22.98 (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 SPHY stock will trade within this expected range on the day.