85.07 0.00 (0.00%)
After hours: 6:01PM EDT
|Bid||85.06 x 900|
|Ask||85.07 x 1200|
|Day's Range||84.85 - 85.11|
|52 Week Range||67.52 - 88.53|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-4.21%|
|Beta (5Y Monthly)||0.35|
|Expense Ratio (net)||0.49%|
Despite grilling Fed Chair Jay Powell on the central bank’s corporate bond purchases earlier this week, Sen. Pat Toomey says the Fed gets “good marks” for its response to the current economic crisis.
The Federal Reserve is doing its best to keep credit flowing during the pandemic, but it doesn’t have a magic wand to stop COVID-19, nor the ability to make earnings appear on corporate balance sheets.
Fed Chair Jerome Powell pushed back on concerns over the Fed’s intervention in the corporate bond market, saying its purchases are aimed at proper market functioning.
The Fed will expand its efforts to backstop the corporate debt market by purchasing a “broad, diversified market index” of U.S. corporate bonds in the secondary market.
David Rosenberg, chief equity strategist at Rosenberg Research, has been saying for some time the market is running on a Federal Reserve-induced high.
Depending on your view of how the next few months go, UBS Wealth Management has a set of investing options for each of three scenarios.
Investors trying to front-run the Federal Reserve’s purchase of below-investment grade bond ETFs are further concentrating the market for these funds.
Will markets go up or down as we move toward summer? No one knows for sure, but one metric to watch is activity among short sellers — investors who believe a particular security will decline in value.
The U.S. Federal Reserve is buying corporate bonds and ETFs containing them for the first time in its 107-year history to support the economy.
Days after Apple Inc. (AAPL) said it could not provide guidance for the next quarter, the company raised $8.5 billion through cheap bonds with maturities ranging from three years to 30 years. It will use this money to fund share buybacks and for other general corporate purposes.
Here is a look at ETFs that currently offer attractive short selling opportunities. The ETFs included in this list are rated as sell candidates for two reasons. First, each of these funds is deemed to be in a downtrend based on the fact that its 50-day moving average is below its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading above its 20-day moving average, thereby offering a near-term “sell on the pop” opportunity given the longer-term downtrend at hand. Note that this prospect list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
Ben Johnson, Morningstar's Director of Global ETF Research, joins Yahoo Finance's Seana Smith to break down which ETFs investors should be watching amid the coronavirus market volatility and more.
With stocks under significant pressure, high-yield corporate bonds are following suit, a trend that should call attention to the ProShares Short High Yield (SJB B-), particularly as outflows from the two largest junk bond ETFs build.
The iShares iBoxx $ High Yield Corporate Bond ETF (HYG A) has been a decent performer, but charts say the largest high-yield corporate bond ETF could soon be facing some important technical tests.
The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has been a decent performer, but charts say the largest high-yield corporate bond ETF could soon be facing some important technical tests. Income-minded investors have plunged back into junk bonds in search of yields as rates declined in response to heightened demand for safety and the Federal Reserve’s looser monetary policy outlook. “Schaeffer's Senior Options Strategist Bryan Sapp just pointed out that the HYG is trading near a trendline of higher lows that has proven to show when it's a good time to go long stocks,” according to Schaeffer's Investment Research.