The stock of iSHARES US HIGH YIELD BOND INDEX ETF (TSE:XHY) hit a new 52-week high and has $33.02 target or 65.00% above today’s $20.01 share price. The 7 months bullish chart indicates low risk for the $587.12 million company. The 1-year high was reported on Oct, 18 by Barchart.com. If the $33.02 price target is reached, the company will be worth $381.63 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 16,165 shares traded hands. iSHARES US HIGH YIELD BOND INDEX ETF (TSE:XHY) has risen 6.34% since March 11, 2016 and is uptrending. It has outperformed by 0.85% the S&P500.
More notable recent iSHARES US HIGH YIELD BOND INDEX ETF (TSE:XHY) news were published by: Finance.Yahoo.com which released: “BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs” on August 15, 2016, also Marketwired.com with their article: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” published on September 07, 2016, Nasdaq.com published: “Some Hot ETF Trends Begin To Cool” on October 17, 2016. More interesting news about iSHARES US HIGH YIELD BOND INDEX ETF (TSE:XHY) were released by: Marketwired.com and their article: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” published on June 08, 2016 as well as Marketwired.com‘s news article titled: “BlackRock® Canada Announces April Cash Distributions for the iShares® ETFs” with publication date: April 13, 2016.
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