Investors seeking momentum may have iShares Short Treasury Bond ETF (SHV - Free Report) on radar now. The fund recently hit a new 52-week high. Shares of SHV are up approximately 0.3% from their 52-week low of $110.18/share.
But could there be more gains ahead for this ETF? Let’s take a look at the fund and the near-term outlook to get a better idea of where it might be headed.
SHV in Focus
The fund reflects the performance of the ICE U.S. Treasury Short Bond Index. The fund has a weighted average maturity of 0.35 years and effective duration of 0.34 years. SHV charges 15 basis points in fee per year and has AUM of $17.3 billion (see all Government Bond ETFs here).
Why the move?
Of late, the fund has been performing well due to its lesser sensitivity to rise in rates. Investors should also note that yield on short-term Treasury bills outdoes U.S. inflation, meaning investors can now get real, inflation-adjusted return from cash for the first time in a decade, per Financial Times.
More Gains Ahead?
Though the fund has a Zacks Rank #4 (Sell), it has a positive weighted alpha of 0.20. So, SHV could gather some more gains as long as the trend is its friend.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors seeking momentum may have iShares Short Treasury Bond ETF (SHV - Free Report) on radar now. The fund recently hit a new 52-week high. Shares of SHV are up approximately 0.3% from their 52-week low of $110.18/share.
But could there be more gains ahead for this ETF? Let’s take a look at the fund and the near-term outlook to get a better idea of where it might be headed.
SHV in Focus
The fund reflects the performance of the ICE U.S. Treasury Short Bond Index. The fund has a weighted average maturity of 0.35 years and effective duration of 0.34 years. SHV charges 15 basis points in fee per year and has AUM of $17.3 billion (see all Government Bond ETFs here).
Why the move?
Of late, the fund has been performing well due to its lesser sensitivity to rise in rates. Investors should also note that yield on short-term Treasury bills outdoes U.S. inflation, meaning investors can now get real, inflation-adjusted return from cash for the first time in a decade, per Financial Times.
More Gains Ahead?
Though the fund has a Zacks Rank #4 (Sell), it has a positive weighted alpha of 0.20. So, SHV could gather some more gains as long as the trend is its friend.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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