iShares DEX Short Term Bond Index Fund on Focus After Trading At 52-Week Lows

 iShares DEX Short Term Bond Index Fund on Focus After Trading At 52 Week Lows

The stock of iShares DEX Short Term Bond Index Fund (TSE:XSB) hit a new 52-week low and has $25.73 target or 9.00% below today’s $28.28 share price. The 6 months bearish chart indicates high risk for the $2.39 billion company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $25.73 price target is reached, the company will be worth $215.10 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 35,424 shares traded hands. iShares DEX Short Term Bond Index Fund (TSE:XSB) has declined 0.63% since April 5, 2016 and is downtrending. It has underperformed by 5.41% the S&P500.

More important recent iShares DEX Short Term Bond Index Fund (TSE:XSB) news were published by: Theglobeandmail.com which released: “Beware the risk in bond funds” on July 10, 2013, also Theglobeandmail.com published article titled: “How safe are short-term bond funds?”, Theglobeandmail.com published: “Four tips for nervous bond investors” on June 14, 2013. More interesting news about iShares DEX Short Term Bond Index Fund (TSE:XSB) was released by: Fool.ca and their article: “Buy vs. Rent: If You’re Thinking About Buying a House, You Need to Read This” with publication date: April 17, 2015.

iShares DEX Short Term Bond Index Fund seeks to provide income by replicating, to the extent possible, the performance of the DEX Short Term Bond Index, net of expenses. The company has a market cap of $2.39 billion. The DEX Short Term Bond Index is a market capitalization weighted index consisting of a diversified range of investment grade federal, provincial, municipal and corporate bonds with a term to maturity between one and five years. It currently has negative earnings. XSB invests in sectors, such as federal, financial, provincial, energy and real estate.

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