The stock of iShares DEX Universe Bond Index Fund (TSE:XBB) hit a new 52-week low and has $30.21 target or 3.00% below today’s $31.14 share price. The 6 months bearish chart indicates high risk for the $2.16 billion company. The 1-year low was reported on Dec, 1 by Barchart.com. If the $30.21 price target is reached, the company will be worth $64.80 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 86,227 shares traded hands or 20.95% up from the average. iShares DEX Universe Bond Index Fund (TSE:XBB) has declined 1.07% since April 27, 2016 and is downtrending. It has underperformed by 7.00% the S&P500.
Another recent and important iShares DEX Universe Bond Index Fund (TSE:XBB) news was published by Theglobeandmail.com which published an article titled: “Beware the risk in bond funds” on July 10, 2013.
iShares DEX Universe Bond Index Fund seeks to provide income by replicating, to the extent possible, the performance of the DEX Universe Bond Index, net of expenses. The company has a market cap of $2.16 billion. The DEX Bond Index consists of a diversified selection of investment-grade Government of Canada, provincial, corporate and municipal bonds issued domestically in Canada and denominated in Canadian dollars. It currently has negative earnings. There are four credit or borrower categories: bonds issued bt Government of Canada , Provincial Bonds (including provincially guaranteed securities), Municipal Bonds, and Corporate Bonds.
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