SPDR Portfolio High Yield Bond ETF Experiences Big Inflow
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 25 2024
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Source: NASDAQ.COM
SPHY Share Price Analysis: SPHY's current share price is $23.48, situated between its 52-week low of $21.8001 and high of $23.60, with a reference to the importance of the 200-day moving average for technical analysis.
ETFs Trading Mechanism: ETFs function like stocks, allowing investors to trade units that can be created or destroyed based on demand, impacting the underlying holdings and reflecting notable inflows or outflows in shares outstanding.
Analyst Views on SPHY
Wall Street analysts forecast SPHY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPHY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 23.830
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Current: 23.830
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
