iShares Short-Term Treasury Bond Fund Hits New 52-Week Low (SHY)

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December 4, 2017 10:47am NYSE:SHY

NYSE:SHY | News, Ratings, and Charts

Investors looking for ETFs with negative momentum should begin to consider the iShares 1-3 Year Treasury Bond ETF (SHY). This product just hit a new 52-week low of $84.02 today, and is now down 0.83% from its 52-week high price of $84.72 per share.


Will this ETF continue its string of recent losses? Let’s take a closer look at the fund, its recent gains, the category it resides in, and its ratings and outlook to get a sense of whether its momentum is sustainable or not.

Inside SHY’s Decline

As mentioned earlier, SHY has now lost 0.83% from its 52-week low, which was hit back on November 30, 2017. The fund has now returned -0.17% over the past month, -0.57% over the past three months, and -0.15% in the past six months. Those returns compare to the benchmark S&P 500 index’s 2.54%, 8.24%, and 9.84% returns in the same periods, respectively.

Being a short-term bond fund, SHY doesn’t typically move very much, but hitting new lows today is an indicator that the bond markets are searching for direction.

A Look Under The Hood

The iShares 1-3 Year Treasury Bond ETF is a Fixed Income-focused product issued by BlackRock. Its expense ratio of 0.15% makes it the #9 cheapest ETF among 27 total funds in the Government Bonds ETFs category.

SHY currently boasts $11.35B in assets under management (AUM), placing it #1 of 27 ETFs in its category, and #63 of 1960 total ETFs in the U.S. exchange traded universe.

The investment objective of the iShares Barclays 1-3 Year Treasury Bond Fund ETF seeks to track the investment results of an index composed of U.S. Treasury bonds with remaining maturities between one and three years — in other words, ultra short-term Treasuries.

SHY SMART Grade: Bounce Ahead?

SHY currently has an ETF Daily News SMART Grade of B (Buy), and is ranked #16 of 28 funds in the Government Bonds ETFs category.

A SMART Grade of B suggests decent future price growth potential, so it’s reasonable to expect a certain amount of bounce-back for this fund in the near future.

For more information about this ETF, including full ratings, news, data, and more, please visit SHY’s ticker page.

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