PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF Surges to All-Time Low, Is Now Worst Performer

 PowerShares 1 5 Year Laddered Investment Grade Corporate Bond Index ETF Surges to All Time Low, Is Now Worst Performer

The stock of PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSE:PSB) reached all time low today, Nov, 9 and still has $17.57 target or 7.00% below today’s $18.89 share price. This indicates more downside for the $718.88 million company. This technical setup was reported by Barchart.com. If the $17.57 PT is reached, the company will be worth $50.32 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 28,514 shares traded hands or 26.20% up from the average. PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSE:PSB) has declined 0.68% since April 5, 2016 and is downtrending. It has underperformed by 5.46% the S&P500.

More notable recent PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSE:PSB) news were published by: Zacks.com which released: “PowerShares Adds Laddered Bond ETF to Suite” on September 15, 2014, also Nasdaq.com with their article: “PowerShares Adds Laddered Bond ETF to Suite – ETF News And Commentary” published on September 15, 2014, Business.Financialpost.com published: “ETFs more complex than you think” on November 30, 2011. More interesting news about PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSE:PSB) were released by: Investmentnews.com and their article: “Bond ETFs’ resiliency surprises many investors” published on April 19, 2015 as well as Theglobeandmail.com‘s news article titled: “Beware the risk in bond funds” with publication date: July 10, 2013.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment