|Bid||87.01 x 500|
|Ask||88.08 x 100|
|Day's Range||87.80 - 87.97|
|52 Week Range||83.24 - 89.04|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.49%|
This week's "ETF Focus" column pointed out that short-term high yield exchange-traded funds are actually yielding a little more than their broader market cousins (See, "For More Yield in ...
Some details on the TESLA bond issue and the week long process that got us here to help you make informed decisions. Price action was weak, but it was a difficult week for high yield and markets in general and many market participants had already left for the day.
One result of the strong performance of junk bonds in the past six months is that most strategists now see the asset class as overvalued. Short-term high-yield bond ETFs actually have higher yields than their broader-market brethren. For example, the $3 billion iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) has a 4.74% yield, while its $19 billion sibling, the iShares iBoxx $ High Yield Corporate Bond ETF (HYG), has a yield of 4.67%.