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FHYS

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    23.4095$
  • Previous Close
    23.4305$
  • 52 Week Change
    --
  • Day Range
    -0.02$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

FHYS.US refers to the Fidelity High Yield Factor ETF. This ETF aims to track the performance of high-yield corporate bonds, specifically those that exhibit certain factor characteristics like quality, value, and momentum, seeking to provide investors with a potentially higher income stream compared to investment-grade bonds, while also incorporating a factor-based approach to security selection.
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Factors

Treasury Yields: Higher Treasury yields often decrease FHYS's price as existing bonds become less attractive compared to newly issued higher-yielding bonds.

Interest Rate Expectations: Anticipation of future interest rate hikes by the Federal Reserve can negatively impact FHYS, while expectations of rate cuts can boost its price.

Inflation Expectations: Rising inflation expectations can lead to higher Treasury yields, thus lowering FHYS's price, as investors demand a higher return to compensate for inflation.

Credit Risk Perceptions: Increased perceived risk in the U.S. Treasury market can lead to higher yields and lower FHYS prices. Decreased risk perceptions have the opposite effect.

Market Liquidity: During periods of market stress or low liquidity, FHYS's price may decline due to increased selling pressure and wider bid-ask spreads.

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