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iShares iBoxx Dollar High Yield Corporate Bond

iShares iBoxx Dollar High Yield Corporate Bond (HYG)

79.88
0.11
( 0.14% )
Updated: 15:04:01

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
79.88
Bid
-
Ask
-
Volume
21,646,265
79.86 Day's Range 80.00
75.57 52 Week Range 80.37
Market Cap
Previous Close
79.77
Open
79.89
Last Trade
24
@
79.88
Last Trade Time
15:04:33
Financial Volume
$ 1,730,497,581
VWAP
79.9444
Average Volume (3m)
32,973,282
Shares Outstanding
207,300,000
Dividend Yield
-
PE Ratio
11.49
Earnings Per Share (EPS)
6.95
Revenue
964.3M
Net Profit
1.44B

About iShares iBoxx Dollar High Yield Corporate Bond

The investment seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the underlying index). The underlying index is a rules-based index consisting of U.S. dollar-denominated, high yield corporate bonds for sale in the U.S. The fund generally will invest at least 90% ... The investment seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the underlying index). The underlying index is a rules-based index consisting of U.S. dollar-denominated, high yield corporate bonds for sale in the U.S. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, as well as in securities not included in the underlying index. Show more

Sector
Mgmt Invt Offices, Open-end
Industry
Mgmt Invt Offices, Open-end
Website
Headquarters
Wilmington, Delaware, USA
Founded
-
iShares iBoxx Dollar High Yield Corporate Bond is listed in the Mgmt Invt Offices, Open-end sector of the American Stock Exchange with ticker HYG. The last closing price for iShares iBoxx Dollar Hig... was $79.77. Over the last year, iShares iBoxx Dollar Hig... shares have traded in a share price range of $ 75.57 to $ 80.37.

iShares iBoxx Dollar Hig... currently has 207,300,000 shares outstanding. The market capitalization of iShares iBoxx Dollar Hig... is $16.54 billion. iShares iBoxx Dollar Hig... has a price to earnings ratio (PE ratio) of 11.49.

HYG Latest News

S&P 500 Craving Fed Pause

S&P 500 was driven lower by a very quick tech reversal that took communications with discritionaries along. That utilities upswing Read more https://www.valuewalk.com/sp-500-craving-fed-pause/

S&P 500: A Gentle Snap Or Slap

S&P 500 put up only very limited resistance at 4,136, and it became clear early in the regular session that Read more https://www.valuewalk.com/sp-500-a-gentle-snap-or-slap/

S&P 500’s Short-Term Outlook Remains Bullish – Grinding Up, Grinding Still

S&P 500 proved key point of yesterday‘s extensive analysis – the buyers still have higher to go but the key Read more https://www.valuewalk.com/sp-500s-short-term-outlook-remains-bullish-grin...

S&P 500 Dives – Another Hawkish Win

S&P 500 duly dived on hawkish Powell – the turning point predicted in Monday‘s extensive analysis. What‘s in store for today? More of Powell testimony and job openings to reveal no immediate...

S&P 500’s Modest Upswing Rejection; Powell Speaking

S&P 500 offered a fine session to those looking for the daily advance to be dialed back. We‘ve seen another weak push higher premarket that still respected my key 4,065 – 4,080 zone. As I...

S&P 500 Declines – Recession Anatomy

S&P 500 declined on strong core PCE data, but I doubted the opening gloom, and favored a positive move during the regular session. In spite of the disastrous market breadth (advance-decline...

S&P 500 Performance – Even Higher Terminal

S&P 500 held in the 3,980 – 4,015 range yesterday, namely having defended the 3,980 support, and making it back above 4,015 solidly. The trip towards 4,045 had though been cancelled a bit too...

S&P 500 Rally Continues – FOMO Rules

S&P 500 barely stopped, and the broad based rally continued… till the final hour. Was that the reversal? Unlikely! On Wednesday, I discussed what I‘m looking for on the FOMC day: (…...

Big Week Ahead For The S&P 500

S&P 500 charge higher continued, and high beta plays didn‘t disappoint. Energy, financials, Russell 2000, emerging markets – all on fire. After Thursday‘s climb of bear market rally wall of...

S&P 500 Bulls – Slow But Not Slow

S&P 500 bulls need to play good defence now as 4,040 predictably stopped the rally yesterday. The retreat in junk corporate bonds with cyclicals should give the buyers some pause. And as clear...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.13-0.16247969003980.0180.0779.532458492979.78298873SP
40.10.12534469791979.7880.0779.052830776179.57886034SP
120.360.45271629778779.5280.3778.733297328279.60471042SP
262.73.4983156258177.1880.3776.583361422778.76461084SP
523.925.1606108478175.9680.3775.573487505377.85053469SP
156-6.15-7.1486690689386.0387.3270.43803967176.79894333SP
260-7.07-8.1311098332486.9588.5367.523336677579.34048215SP

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HYG Discussion

View Posts
tw0122 tw0122 3 months ago
Markets pump with HYG and it looks very bullish still…SPX cup and handle ready for new alltime highs
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Doubledown75 Doubledown75 7 months ago
Not good
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Talc Moan Talc Moan 2 years ago
Market won’t crash unless HYG goes Sub $70 imo. If it does LOOK OUT BELOW!
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Talc Moan Talc Moan 2 years ago
HYG is literally the captain of the ship right now. It’s literally being propped up by very inexperienced money and if this ship starts sinking the whole Market is going down another 10-20%.


It’s the last line of defense.
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Talc Moan Talc Moan 2 years ago
Some serious downside here with HYG especially in 2023. Many junk companies will struggle to acquire cash flow unless they go the Toxic dilutive route. This is holding strong near 52 week lows because many investors have no experience in a high interest rate environment. They think Junk will do well because of higher yields.

They won’t because you need buyers willing to risk and the higher rates go the money will leave risk and junk and go to safe US Treasuries.
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Talc Moan Talc Moan 2 years ago
Should break down in the $60’s in the coming weeks as earnings start on Junk Bond companies in HYG
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Talc Moan Talc Moan 2 years ago
Down a dollar here and .50 there is starting to add up and the Worst and yet to come. These companies have to report in Q3 Q4 and Q1 all while burning through cash at crazy rates. Almost all of $HYG is cash dependent on raises. None are turning a profit.

Once the delinquencies and bankruptcies start. Look out below. HYG is being propped up by naive. investors who think higher yields are a good thing for Junk Bonds.
👍️0
Talc Moan Talc Moan 2 years ago
Lots of inexperienced investors and traders hooked on Junk Bond Returns like crack are in for a rude awakening. The Ship is starting to spring small leaks. They will fill the boat ever so slowly then as the boat starts to flood the leaks will get bigger and bigger before she eventually sinks.

Many Junk Bond companies will fail in 2023.
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Talc Moan Talc Moan 2 years ago
I’m all by myself here. Junk Bonds like BB’s AB’s are going to get their first real test in over a Decade!
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Talc Moan Talc Moan 2 years ago
Junk will be serious Junk over the coming months.
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Talc Moan Talc Moan 2 years ago
Junk Bond fire Sail Early 2023. Looking for $40’s to $50 here.
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Talc Moan Talc Moan 2 years ago
Been extremely hard to get 2024 Puts on the Bid. Squeezed out so little sitting on the Bid but well worth it I feel heading into 2023!
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Talc Moan Talc Moan 2 years ago
Bought Puts today. First time buying them for this stock. Went waaaay out to 2024. Wanted some flexibility.
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masterofdisaster masterofdisaster 3 years ago
I think now it is time to be on the short side here
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tw0122 tw0122 5 years ago
Up up and away make some option money or straight away low risk trade as the Communist Federal Reserve going to bailout the Wall Street Banks by buying the HYG etf so it doesn’t go out of business.

Socialism for the Billionaires of America let’s bailout the Big Bank debt
👍️0
tw0122 tw0122 5 years ago
Thus far, the highly controversial corporate bond buying programs that the Federal Reserve first announced on March 23 have yet to spend a dime according to a spokesperson for the New York Fed, the regional Fed bank that is overseeing almost all of Wall Street’s emergency bailout programs today as well as during the financial crash of 2007 to 2010.

But just a promise from the Fed to spend billions removing toxic waste from Wall Street’s mega banks is enough to put a bid back in the junk bond market.

Here’s the skinny on how the Fed propped up both the Dow and the junk bond market with its well-timed announcements on March 23 and April 9.

From the close on March 4 to the close on March 23, the junk bond exchange traded fund (ETF) which goes by the fancy title of “iShares iBoxx High Yield Corporate Bond ETF,” or symbol HYG, lost 21 percent of its value. But that weakness in the junk bond market did even worse damage to the Dow Jones Industrial Average. Over those same trading days, the Dow lost 8,498.93 points or a stunning 31 percent of its value in just 14 trading sessions. That had apocalyptic overtones for what lie ahead for the balance of the year.

There are two key reasons for the correlations between the junk bond market and the Dow. The first is that two of the Wall Street banks that were a regular presence in the Wall Street syndicate that underwrote these junk bond offerings are components of the Dow’s 30 stocks. Those two banks are Goldman Sachs and JPMorgan Chase. The second key reason is that if Goldman Sachs and JPMorgan Chase are tanking, they will inevitably bring down the share price of every other major Wall Street bank because of their heavy interconnections as derivative counterparties to each other. (If all of those banks enter a serious selloff, the Fed could be looking at another 2008 financial crash after assuring Americans for years that these banks are “well capitalized.”)

In short, thanks to the repeal of the Glass-Steagall Act in 1999, which allowed Wall Street casinos to merge with the largest federally-insured, deposit-taking banks in the country, we now have a central bank (the Fed) that believes its job is to throw money at any market that pulls down the Dow. Because damage to the Dow might damage consumer confidence which might damage the wealth effect which might damage consumer spending which might damage the next GDP report which might damage the vision of American exceptionalism. In other words, we’re all just Labradoodles now in fealty to Wall Street.

Two simple solutions to the Fed’s conundrum would be to restore the Glass-Steagall Act and restore corporate pension plans which offer a guaranteed (defined benefit) at retirement, thus cutting the cord between consumer spending/consumer confidence and the health of the worker’s 401(K) plan as measured by the health of the Dow Jones Industrial Average.

The Fed’s balance sheet as of last Wednesday had ballooned to $6.6 trillion as it throws money in all directions to snuff out fires on Wall Street. If you add that to the federal government’s outstanding debt of $24.7 trillion, that’s $31.3 trillion of debt that we’re leaving as our legacy to the next generation.

To show just how pressured the Fed is to prop up any market that tanks, let’s look at the timeline that goes with the chart above. On March 23, the Fed announced that it was creating two facilities to buy up investment grade corporate bonds along with other programs. The corporate bond facilities were called the Primary Market Corporate Credit Facility (PMCCF) and the Secondary Market Corporate Credit Facility (SMCCF). In that announcement, the Fed said that the two facilities would only be buying investment grade bonds. That was good enough news for the HYG ETF which rallied through March 30.

But then HYG’s share price began to sag again along with the rest of the junk bond market. So on April 9, in a long-winded press release purporting to be taking actions to help everyday Americans, the Fed changed its Terms Sheets for both the PMCCF and the SMCCF and announced that the Fed, for the first time in its 107 year history, would be buying junk bonds. The caveat was that the bonds would have had to have been rated investment grade as of March 22. (In reality, a large swath of the lower-rated investment grade bonds were going to be downgraded to junk even if the coronavirus COVID-19 outbreak had not occurred.) And, just as the junk bond ETF market had figured correctly all along, the Fed in its updated April 9 Term Sheet for the SMCCF announced that it would also be buying junk bond (a/k/a high yield) ETFs.

That April 9 announcement came at 8:30 a.m., one hour before the stock market opened. The shares of HYG rallied strongly on volume of 88.8 million shares, more than twice the volume of earlier in the week.

In recent days the rally in HYG and the junk bond market in general is beginning to fade. It will be interesting to see what hat trick the Fed attempts next.
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Nebuchadnezzar Nebuchadnezzar 5 years ago
Buying Monday
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