No headlines found.
IndexIQ Announces Change to ETF Lineup
Business Wire (Thu, 29-Feb 11:15 AM ET)
The Fund s primary objective is to provide current income while maintaining limited price volatility. The IQ Ultra Short Duration ETF is actively managed, with a duration target of less than one year, and is comprised of investment grade corporate bonds, commercial paper, and cash, as well as exposure to asset-backed and mortgage-backed securities.
IQ Ultra Short Duration ETF trades on the ARCA stock market under the symbol ULTR.
As of March 28, 2024, ULTR stock price declined to $48.05 with 104 million shares trading.
ULTR has a market cap of $14.42 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, ULTR stock traded as high as $50.05 and as low as $47.04.
ULTR has underperformed the market in the last year with a price return of +5.9% while the SPY ETF gained +33.6%. ULTR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.4% and +0.2%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
ULTR support price is $47.97 and resistance is $48.23 (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 ULTR stock will trade within this expected range on the day.