The iShares iBoxx $ High Yield Corporate Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds, as represented by the Markit iBoxx® USD Liquid High Yield 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. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index. As of Feb 28 2015, the Fund's total assets were $20,509,752,041 and the Fund's investment portfolio was valued at $20,103,377,671. We show 1234 historical shares outstanding datapoints in our HYG shares outstanding history coverage, used to compute HYG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HYG market cap history over the course of time is important for investors
interested in comparing HYG'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 HYG versus a peer is one thing; comparing
HYG 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 HYG can fluctuate over the course of history.
With this page we aim to empower investors researching HYG by allowing them to research the HYG market cap history. |
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Video: The Importance of Market Cap
