Will PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF Short Squeeze Soon?

 Will PowerShares 1 5 Year Laddered Investment Grade Corporate Bond Index ETF Short Squeeze Soon?

The stock of PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSE:PSB) hit a new 52-week low and has $17.26 target or 8.00% below today’s $18.76 share price. The 5 months bearish chart indicates high risk for the $735.42 million company. The 1-year low was reported on Nov, 25 by Barchart.com. If the $17.26 price target is reached, the company will be worth $58.83M 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 46,473 shares traded hands or 49.23% up from the average. PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSE:PSB) has declined 1.16% since April 21, 2016 and is downtrending. It has underperformed by 6.57% 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 Marketwatch.com with their article: “Invesco announces cash distributions for Canadian-listed PowerShares ETFs” published on November 18, 2016, Nasdaq.com published: “PowerShares Adds Laddered Bond ETF to Suite – ETF News And Commentary” on September 15, 2014. More interesting news about PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (TSE:PSB) were released by: Business.Financialpost.com and their article: “ETFs more complex than you think” published on November 30, 2011 as well as Investmentnews.com‘s news article titled: “Bond ETFs’ resiliency surprises many investors” with publication date: April 19, 2015.

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