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BLHY
ETF ticker: NYSE ARCA
AS OF
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Net Assets
3.25M

BLHY Virtus Newfleet Short Dur Hi Yld Bd ETF Forecast, Technical & Fundamental Analysis

Category HighYieldBond
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for BLHY with price predictions
07:00 PM EST Nov 26, 2023

BLHY in +0.14% Uptrend, advancing for three consecutive days on November 22, 2023

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where BLHY advanced for three days, in of 382 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 31, 2023. You may want to consider a long position or call options on BLHY as a result. In of 71 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for BLHY just turned positive on October 27, 2023. Looking at past instances where BLHY's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

BLHY moved above its 50-day moving average on November 13, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for BLHY crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 337 cases where BLHY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 16 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

BLHY broke above its upper Bollinger Band on November 03, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to provide a high level of current income and, secondarily, capital appreciation. Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in a diversified portfolio of high yield bonds and other debt securities. It invests primarily in U.S. securities but may invest in foreign securities including those in emerging markets (i.e., those that are in the early stages of their economic development). The fund may use credit default swaps to increase or hedge (decrease) investment exposure to various fixed income sectors and instruments.
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A.I. Advisor
published General Information

General Information

Category HighYieldBond

Profile
Fundamentals
Details
Category
High Yield Bond
Address
Virtus ETF Trust II100 Pearl StreetHartford
Phone
877-332-8172
Web
http://www.newfleet.com/
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BLHY and

Correlation & Price change

A.I.dvisor tells us that BLHY and HYLB have been poorly correlated (+3% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that BLHY and HYLB's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
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Ticker /
NAME
Correlation
To BLHY
1D Price
Change %
BLHY100%
N/A
HYLB - BLHY
3%
Poorly correlated
+0.80%
HYG - BLHY
-6%
Poorly correlated
+0.83%
USHY - BLHY
-6%
Poorly correlated
+0.83%
JNK - BLHY
-6%
Poorly correlated
+0.84%
SHYG - BLHY
-6%
Poorly correlated
+0.58%
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