iShares 0-5 Year Investment Grade Corporate Bond is an open-end management investment company. The Fund seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds with remaining maturities of less than five years, as represented by the Markit iBoxx® US$ Liquid Investment Grade 0-5 Index (the Index). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. As of Oct 31 2015, the Fund's total assets were $80,250,203 and the Fund's investment portfolio was valued at $79,471,527. We show 2 historical shares outstanding datapoints in our HHYX shares outstanding history coverage, used to compute HHYX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HHYX market cap history over the course of time is important for investors
interested in comparing HHYX's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of HHYX versus a peer is one thing; comparing
HHYX market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like HHYX can fluctuate over the course of history.
With this page we aim to empower investors researching HHYX by allowing them to research the HHYX market cap history. |
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Video: The Importance of Market Cap
