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The SPDR Bloomberg Barclays Short Term 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 US High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index (the "Index"). Seeks to provide diversified exposure to short-term US dollar-denominated high yield corporate bonds. Potentially presents less interest rate risk than high yield bonds with longer duration.
SPDR Bloomberg Barclays Short Term High Yield Bond ETF trades on the ARCA stock market under the symbol SJNK.
As of March 28, 2024, SJNK stock price declined to $25.22 with 4,816,128 million shares trading.
SJNK has a beta of 0.34, meaning it tends to be less sensitive to market movements. SJNK has a correlation of 0.58 to the broad based SPY ETF.
SJNK has a market cap of $4.53 billion. This is considered a Mid Cap stock.
In the last 3 years, SJNK stock traded as high as $27.58 and as low as $23.47.
SJNK has underperformed the market in the last year with a price return of +11.7% while the SPY ETF gained +33.6%. SJNK has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.0% and +0.1%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
SJNK support price is $25.19 and resistance is $25.31 (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 SJNK stock will trade within this expected range on the day.