Xtrackers USD High Yield Corporate Bond ETF (HYLB)

Xtrackers USD High Yield Corporate Bond ETF is trading at $35.02, down 0.28% on the session. The 50 day average sits at $35.90 and the 200 day at $36.42, which puts the stock in a downtrend. RSI is at 31.1, which reads as weak, and MACD is bullish crossover. Volume is below average.

The nearest support is around $34.80 with resistance near $35.23, so that band frames the current range. Average daily movement is roughly $0.14, or about 0.4% of the share price, which is what any stop placement has to allow for. The overall health score of 45 out of 100 combines a trend score of 7, momentum of 54 and a risk score of 92.

The fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in high yield corporate bonds. The index comprised of U.S. dollar-denominated high yield corporate bonds. It will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to the extent that its underlying index is concentrated.