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SHXYX

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--%
1d
1w
1m

Analysis and statistics

  • Open
    15.2794$
  • Previous Close
    15.2794$
  • 52 Week Change
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  • Day Range
    0.00$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
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  • Volume
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About

SHXYX.US represents the ProShares Short High Yield ETF. This exchange-traded fund (ETF) seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Markit iBoxx USD High Yield Index. This means the ETF is designed to profit from a decline in the value of U.S. dollar-denominated high yield corporate bonds, also known as junk bonds. Investors use SHXYX to hedge against potential losses in their high yield bond holdings or to speculate on a downturn in the high yield market.
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Factors

Market Interest Rates: Rising interest rates generally decrease bond values, causing a fall in SHXYX.US's price. Lower rates increase bond values.

Credit Quality: Changes in the credit ratings of bonds held by SHXYX.US impact its price. Downgrades lead to price declines; upgrades cause increases.

Economic Conditions: Strong economic growth can put upward pressure on interest rates, negatively impacting SHXYX.US's price. Weak growth might lower rates, increasing its value.

Inflation Expectations: Higher inflation expectations often lead to higher interest rates, reducing SHXYX.US's price. Lower expectations can boost its value.

Supply and Demand: Increased demand for SHXYX.US pushes its price higher; greater supply leads to price decreases.

Fund Management: The skill of the fund manager in selecting and managing bond investments influences SHXYX.US's performance and price.

Maturity of Holdings: Funds holding bonds with longer maturities are more sensitive to interest rate changes, impacting SHXYX.US's price more significantly.

Expense Ratio: A higher expense ratio can negatively affect SHXYX.US's overall return and potentially its price compared to similar funds with lower fees.

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