USHY Stock Summary and Trading Ideas (iShares Broad USD High Yield Corporate Bond ETF | BATS:USHY)

The iShares Broad USD High Yield Corporate Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds. The Fund seeks to track the investment results of the ICE BofA U.S. High Yield Constrained Index (the Underlying Index ), which is a rules- based index consisting of U.S. dollar- denominated, high yield (as defined by Merrill Lynch, Pierce, Fenner & Smith Incorporated (the Index Provider or BofA Merrill Lynch )) corporate bonds for sale in the U.S. The Underlying Index is designed to provide a broad representation of the U.S. dollar- denominated high yield corporate bond market.

iShares Broad USD High Yield Corporate Bond ETF trades on the BATS stock market under the symbol USHY.

As of April 19, 2024, USHY stock price climbed to $35.73 with 10,788,269 million shares trading.

USHY has a beta of 0.40, meaning it tends to be less sensitive to market movements. USHY has a correlation of 0.58 to the broad based SPY ETF.

USHY has a market cap of $11.06 billion. This is considered a Large Cap stock.

In the last 3 years, USHY stock traded as high as $41.80 and as low as $33.09.

USHY has underperformed the market in the last year with a return of +8.5%, while the SPY ETF gained +21.2%. In the last 3 month period, USHY fell short of the market, returning +0.3%, while SPY returned +3.0%. However, in the most recent 2 weeks USHY has outperformed the stock market by returning -1.1%, while SPY returned -4.5%.

USHY support price is $35.57 and resistance is $35.81 (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 USHY stock will trade within this expected range on the day.