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 October 3, 2024, USHY stock price declined to $37.38 with 7,182,736 million shares trading.

USHY has a beta of 0.28, meaning it tends to be less sensitive to market movements. USHY has a correlation of 0.40 to the broad based SPY ETF.

USHY has a market cap of $19.45 billion. This is considered a Large Cap stock.

In the last 3 years, USHY traded as high as $41.55 and as low as $33.09.

USHY has underperformed the market in the last year with a price return of +16.1% while the SPY ETF gained +34.5%. However, in the short term, USHY had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.1% vs +3.7% return in SPY. But in the last 2 weeks, USHY shares have been beat by the market, returning +0.2% compared to an SPY return of +1.5%.

USHY support price is $37.37 and resistance is $37.53 (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 shares will trade within this expected range on the day.