Markets.com Logo

NHYB

$--
--%
1d
1w
1m

Analysis and statistics

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

About

NHYB.TO represents Horizons High Yield Bond ETF. This exchange-traded fund (ETF) seeks to replicate, to the extent possible, the performance of the Solactive Canada High Yield Bond CAD Hedged Index, net of expenses. The index is designed to provide exposure to a portfolio of high yield corporate bonds issued primarily in Canadian dollars by North American corporations. NHYB.TO offers investors a convenient way to access a diversified portfolio of high-yield bonds while hedging against fluctuations between the Canadian and US dollar.

Factors

Bitcoin Performance: NHYB.TO's primary holdings are Bitcoin futures, so Bitcoin's spot price significantly influences its NAV and market price. Rising Bitcoin prices typically lift NHYB.TO, while falling prices pull it down.

Futures Market Dynamics: Bitcoin futures prices may diverge from spot prices. Premium or discount in futures contracts can affect NHYB.TO's price beyond just spot Bitcoin movements.

Management Fees & Expenses: The ETF's expense ratio reduces returns. Higher fees relative to similar products make NHYB.TO less attractive, potentially impacting its price.

Supply and Demand: Investor demand for NHYB.TO affects its market price. High demand can push the price above its NAV, while low demand can cause it to trade at a discount.

Regulatory Environment: Changes in regulations regarding Bitcoin or Bitcoin ETFs can affect investor sentiment and, subsequently, NHYB.TO's price.

People Also Watch

Latest news

BTC USD Price Prediction: How much will Bitcoin be worth in 2030?

Ghko B|--

Wells Fargo Stock Slides 1.32%: Is Wells Fargo stock a good buy now?

Ghko B|--

Morning Note: U.S. CPI, Japan Inflation Shape Market Expectations Today

Tommy Yap|--

Latest Education Articles

META Stock Jumped 3%: What is the price target for META in 2025?

Ghko B|--

Rigetti Computing Stock Forecast: Is RGTI A Good Stock to Buy?

Ghko B|--

Caterpillar planning $60M expansion: time to buy Caterpillar Stock?

Ghko B|--