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State Street SPDR Bloomberg Short Term High Yield Bond ETF (SJNK)

High Yield Bond | Exchange Traded Fund | NYSEArca
24.09 USD -0.07 (-0.269%) ⇩ (Oct. 16, 2026, 3:32 p.m. EDT)
Short-term:★★☆☆☆Long-term:★★⯪☆☆Dividends:★★★⯪☆
Hot Take ↕ | Oct. 10, 2026, 7:57 a.m. EDT

This instrument offers a compelling income floor but suffers from significant capital erosion risks. The 7.13% dividend yield is attractive, yet the underlying bond fund is trading at a steep discount to par (implied by the sub-1.0 P/E and depressed price relative to typical high-yield benchmarks), meaning much of that yield is likely a return of principal. The price action confirms this distress; the asset has underperformed its moving averages and is currently in a trailing decline. While the recent year-over-year drop was only 1%, the broader nine-year trajectory shows a cumulative loss of over 9%, reflecting a secular shift in the high-yield sector. The statistical forecast model, which captures short-term noise, predicts a slight downward drift (-0.14%) with high confidence, reinforcing the bearish technicals. Investors here are buying high coupons while ignoring the fact that the fund's net asset value is likely deteriorating.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.013683
AutoETS0.014718
AutoARIMA0.014719
MSTL0.014801

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 74%
H-stat 67.62
Ljung-Box p 0.000
Jarque-Bera p 0.147
Excess Kurtosis -1.36
Attribute Value
Trailing P/E 0.87

As of Oct. 10, 2026, 7:57 a.m. EDT: Options activity is sparse and lacks directional conviction. Call volume is negligible across most expirations, while put open interest is concentrated at lower strikes (23 and 24), suggesting a defensive stance against further downside rather than a bet on a rally. Implied volatility remains low, indicating a lack of speculative positioning.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.62% 6.94% 7.26% 6.82%
Dividend History
Date Dividend Yield %
2026-10-01 0.149 0.617489
2026-09-01 0.142 0.574899
2026-08-03 0.142 0.573274
2026-07-01 0.147 0.590124
2026-06-01 0.143 0.572458
2026-05-01 0.143 0.570403
2026-04-01 0.151 0.606913
2026-03-02 0.144 0.573477
2026-02-02 0.140 0.553360
2025-12-18 0.145 0.574257
2025-12-01 0.144 0.569620
2025-11-03 0.142 0.562376
2025-10-01 0.146 0.572549
2025-09-02 0.152 0.599369
2025-08-01 0.153 0.605222
2025-07-01 0.148 0.584287
2025-06-02 0.155 0.618269
2025-05-01 0.155 0.623742
2025-04-01 0.159 0.634984
2025-03-03 0.152 0.597954
2025-02-03 0.152 0.598897
2024-12-19 0.160 0.637704
2024-12-02 0.155 0.607605
2024-11-01 0.156 0.616114
2024-10-01 0.158 0.617187
2024-09-03 0.155 0.613376
2024-08-01 0.158 0.629984
2024-07-01 0.156 0.629032
2024-06-03 0.157 0.631029
2024-05-01 0.160 0.645422
2024-04-01 0.158 0.632000
2024-03-01 0.159 0.632962
2024-02-01 0.155 0.616057
2023-12-18 0.142 0.567093
2023-12-01 0.148 0.596293
2023-11-01 0.176 0.731505
2023-10-02 0.161 0.665289
2023-09-01 0.152 0.616133
2023-08-01 0.152 0.617886
2023-07-03 0.142 0.578883
2023-06-01 0.153 0.627049
2023-05-01 0.144 0.587755
2023-04-03 0.153 0.620690
2023-03-01 0.154 0.629599
2023-02-01 0.133 0.530938
2022-12-19 0.145 0.595238
2022-12-01 0.142 0.573969
2022-11-01 0.122 0.503508
2022-10-03 0.132 0.553459
2022-09-01 0.143 0.585586
2022-08-01 0.109 0.435130
2022-07-01 0.121 0.501243
2022-06-01 0.107 0.420102
2022-05-02 0.107 0.420763
2022-04-01 0.097 0.370937
2022-03-01 0.096 0.365436
2022-02-01 0.098 0.365945
2021-12-17 0.119 0.441067
2021-12-01 0.095 0.353949
2021-11-01 0.092 0.338360
2021-10-01 0.091 0.333089
2021-09-01 0.090 0.328467
2021-08-02 0.087 0.318681
2021-07-01 0.097 0.352727
2021-06-01 0.091 0.332481
2021-05-03 0.090 0.329188
2021-04-01 0.090 0.329791
2021-03-01 0.106 0.390136
2021-02-01 0.096 0.355819
2020-12-18 0.113 0.422114
2020-12-01 0.113 0.424493
2020-11-02 0.116 0.449264
2020-10-01 0.125 0.484308
2020-09-01 0.102 0.391254
2020-08-03 0.121 0.466821
2020-07-01 0.134 0.533865
2020-06-01 0.115 0.457985
2020-05-01 0.133 0.552555
2020-04-01 0.122 0.532751
2020-03-02 0.120 0.452489
2020-02-03 0.126 0.470676
2019-12-20 0.118 0.439642
2019-12-02 0.123 0.463277
2019-11-01 0.123 0.459470
2019-10-01 0.126 0.469624
2019-09-03 0.124 0.461653
2019-08-01 0.127 0.470545
2019-07-01 0.126 0.464259
2019-06-03 0.127 0.475834
2019-05-01 0.130 0.478293
2019-04-01 0.128 0.471629
2019-03-01 0.136 0.502030
2019-02-01 0.131 0.487170
2018-12-19 0.126 0.483129
2018-12-03 0.124 0.462687
2018-11-01 0.126 0.465804
2018-10-01 0.128 0.465116
2018-09-04 0.127 0.463842
2018-08-01 0.127 0.462997
2018-07-02 0.127 0.467427
2018-06-01 0.124 0.454879
2018-05-01 0.121 0.443223
2018-04-02 0.102 0.375276
2018-03-01 0.126 0.460863
2018-02-01 0.123 0.445491
2017-12-19 0.120 0.437158
2017-12-01 0.127 0.460312
2017-11-01 0.128 0.460432
2017-10-02 0.126 0.452424
2017-09-01 0.129 0.463529
2017-08-01 0.128 0.457961
2017-07-03 0.129 0.463362
2017-06-01 0.130 0.463789
2017-05-01 0.132 0.472610
2017-04-03 0.134 0.481668
2017-03-01 0.137 0.487718
2017-02-01 0.134 0.480631
2016-12-28 0.135 0.488246
2016-12-01 0.135 0.494687
2016-11-01 0.136 0.498534
2016-10-03 0.138 0.500907
2016-09-01 0.141 0.514974
2016-08-01 0.138 0.511680
2016-07-01 0.130 0.483451
2016-06-01 0.133 0.499624
2016-05-03 0.122 0.461073
2016-05-02 0.122 0.460551
2016-04-01 0.116 0.450136
2016-03-01 0.131 0.514129
2016-02-01 0.109 0.437400
2015-12-29 0.127 0.494163
2015-12-01 0.132 0.497550
2015-11-02 0.118 0.433505
2015-10-01 0.129 0.482243
2015-09-01 0.131 0.474982
2015-08-03 0.130 0.460503
2015-07-01 0.127 0.440666
2015-06-01 0.121 0.414384
2015-05-01 0.126 0.430769
2015-04-01 0.122 0.419532
2015-03-02 0.129 0.439074
2015-02-02 0.101 0.349360
2014-12-29 0.132 0.454233
2014-12-01 0.119 0.405451
2014-11-03 0.129 0.433031
2014-10-01 0.144 0.482412
2014-09-02 0.123 0.404074
2014-08-01 0.130 0.432037
2014-07-01 0.132 0.428016
2014-06-02 0.127 0.411669
2014-05-01 0.135 0.437743
2014-04-01 0.131 0.424773
2014-03-03 0.141 0.456016
2014-02-03 0.135 0.440457
2013-12-27 0.128 0.415719
2013-12-02 0.133 0.431538
2013-11-01 0.132 0.429967
2013-10-01 0.136 0.446781
2013-09-03 0.138 0.454097
2013-08-01 0.132 0.433071
2013-07-01 0.134 0.444150
2013-06-03 0.134 0.436767
2013-05-01 0.138 0.445161
2013-04-01 0.139 0.452180
2013-03-01 0.156 0.507978
2013-02-01 0.147 0.478827
2012-12-27 0.159 0.521654
2012-12-03 0.160 0.527530
2012-10-01 0.172 0.567282
2012-09-04 0.164 0.544489
2012-08-01 0.175 0.581975
2012-07-02 0.173 0.576282
2012-06-01 0.153 0.525412
2012-05-01 0.154 0.510949
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 7.13

Info Dump

Attribute Value
All Time High 31.18
All Time Low 21.42
Ask 24.09
Ask Size 50,900
Average Daily Volume10 Day 3,586,720
Average Daily Volume3 Month 2,926,178
Average Volume 2,926,178
Average Volume10Days 3,586,720
Beta3 Year 0.52
Bid 24.08
Bid Size 64,600
Category High Yield Bond
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 24.17
Day Low 24.06
Display Name Bloomberg Short HY Bond ETF
Dividend Yield 7.13
Eps Trailing Twelve Months 27.58
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 24.5922
Fifty Day Average Change -0.50720024
Fifty Day Average Change Percent -0.020624436
Fifty Two Week Change Percent -4.996067
Fifty Two Week High 25.58
Fifty Two Week High Change -1.4950008
Fifty Two Week High Change Percent -0.05844413
Fifty Two Week Low 23.99
Fifty Two Week Low Change 0.09499931
Fifty Two Week Low Change Percent 0.0039599547
Fifty Two Week Range 23.99 - 25.58
First Trade Date Milliseconds 1,333,978,200,000
Five Year Average Return 0.0434895
Full Exchange Name NYSEArca
Fullday Change -0.065000534
Fullday Change Percent -0.26915336
Fullday Price 24.085
Fund Family State Street Investment Management
Fund Inception Date 1,331,683,200
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of short-term publicly issued U.S. dollar-denominated high yield corporate bonds.
Long Name State Street SPDR Bloomberg Short Term High Yield Bond ETF
Market us_market
Market State REGULAR
Max Age 86,400
Message Board Id finmb_182187069
Nav Price 24.05763
Net Assets 4,515,020,800.0
Net Expense Ratio 0.4
Open 24.16
Previous Close 24.15
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.065000534
Regular Market Change Percent -0.26915336
Regular Market Day High 24.17
Regular Market Day Low 24.06
Regular Market Day Range 24.06 - 24.17
Regular Market Open 24.16
Regular Market Previous Close 24.15
Regular Market Price 24.085
Regular Market Time 1,792,179,159
Regular Market Volume 3,734,544
Short Name State Street SPDR Bloomberg Sho
Source Interval 15
Symbol SJNK
Three Year Average Return 0.0741488
Total Assets 4,515,020,800
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 0.8732777
Trailing Peg Ratio None
Trailing Three Month Nav Returns -1.31434
Trailing Three Month Returns -1.31434
Triggerable 1
Two Hundred Day Average 24.9656
Two Hundred Day Average Change -0.8806
Two Hundred Day Average Change Percent -0.035272535
Type Disp ETF
Volume 3,734,544
Yield 0.0713
Ytd Return 0.48505