iShares 0-5 Year High Yield 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, high yield corporate bonds with remaining maturities of less than five years, as represented by the Markit iBoxx® US$ Liquid High Yield 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 $1,034,978,346 and the Fund's investment portfolio was valued at $1,018,086,214. We show 188 historical shares outstanding datapoints in our SHYG shares outstanding history coverage, used to compute SHYG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SHYG market cap history over the course of time is important for investors
interested in comparing SHYG'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 SHYG versus a peer is one thing; comparing
SHYG 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 SHYG can fluctuate over the course of history.
With this page we aim to empower investors researching SHYG by allowing them to research the SHYG market cap history. |
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Video: The Importance of Market Cap
