JNK Stock Summary and Trading Ideas (SPDR Bloomberg High Yield Bond ETF | ARCA:JNK)

The SPDR Bloomber High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg High Yield Very Liquid Index (the "Index"). Seeks to provide a a diversified exposure to US dollar-denominated high yield corporate bonds with above-average liquidity. A more cost efficient way to implement a high yield exposure than via individual bonds.The Bloomberg High Yield Very Liquid Index is designed to measure the performance of publicly issued U.S. dollar denominated high yield corporate bonds with above-average liquidity.

SPDR Bloomberg High Yield Bond ETF trades on the ARCA stock market under the symbol JNK.

As of April 26, 2024, JNK stock price climbed to $93.69 with 465,222 million shares trading.

JNK has a beta of 0.41, meaning it tends to be less sensitive to market movements. JNK has a correlation of 0.58 to the broad based SPY ETF.

JNK has a market cap of $8.14 billion. This is considered a Mid Cap stock.

In the last 3 years, JNK stock traded as high as $110.14 and as low as $86.28.

JNK has underperformed the market in the last year with a return of +8.3%, while the SPY ETF gained +26.9%. In the last 3 month period, JNK fell short of the market, returning +0.1%, while SPY returned +4.5%. However, in the most recent 2 weeks JNK has outperformed the stock market by returning +0.3%, while SPY returned -1.8%.

JNK support price is $93.08 and resistance is $93.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JNK stock will trade within this expected range on the day.