WINC Stock Summary and Trading Ideas (Western Asset Short Duration Income ETF | NASDAQ:WINC)

The Western Asset Short Duration Income ETF is an actively managed, low duration (0-3 years) fixed income strategy that seeks current income via a diversified portfolio with an emphasis on lower interest rate sensitivity, higher credit quality and active credit selection. The fund invests at least 80% of its net assets, plus borrowings for investment purposes, in investment grade fixed income securities. Corporate debt securities, including notes, bonds, debentures and commercial paper, are fixed income securities usually issued by businesses to finance their operations. These securities may be secured or unsecured, may be issued by U.S. or foreign entities and may carry variable or floating rates of interest.

Western Asset Short Duration Income ETF trades on the NASDAQ stock market under the symbol WINC.

As of May 6, 2024, WINC stock price climbed to $23.82 with 4,217 million shares trading.

WINC has a market cap of $10.72 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, WINC stock traded as high as $26.51 and as low as $22.78.

WINC has underperformed the market in the last year with a price return of +5.2% while the SPY ETF gained +28.3%. WINC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.0% and +0.9%, respectively, while the SPY returned +4.8% and +4.3%, respectively.

WINC support price is $23.77 and resistance is $23.86 (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 WINC stock will trade within this expected range on the day.