JPMorgan BetaBuilders USD High Yield Corporate Bond ETF BBHY
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) Investment Strategy and Portfolio Holdings Overview
The underlying index, which is capitalization weighted based on an issuer’s current market value of debt outstanding and is designed to measure the performance of U.S. dollar denominated below investment grade (commonly referred to as “junk”) corporate debt publicly issued in the U.S. domestic market. The fund will invest at least 80% of its assets in securities included in the underlying index.
Key Insights
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) Essential ETF Metrics and Performance Data
Latest Closing Price
$46.71Market Cap
$437.86 MillionAverage Daily Volume
237,701 Shares52-Week Range
$43.49-$47.39Total Outstanding Shares
13.15 Million SharesCurrent Dividend
$0.29 Per Share 12 Times a YearInception Date
September 15, 2016