SPDR Barclays Capital Short Term High Yield Bond is an open-end investment management company. The Fund seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Barclays Capital U.S. High Yield 350mn Cash Pay 0-5 Yr 2% Capped Index. In seeking this objective, the Fund uses a sampling strategy. As of June 30 2015, the Fund's total assets and investment porfolio totaled $4,677,465,544 and $4,409,184,760, respectively. We show 1 historical shares outstanding datapoints in our SJNK shares outstanding history coverage, used to compute SJNK market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SJNK market cap history over the course of time is important for investors
interested in comparing SJNK'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 SJNK versus a peer is one thing; comparing
SJNK 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 SJNK can fluctuate over the course of history.
With this page we aim to empower investors researching SJNK by allowing them to research the SJNK market cap history. |
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Video: The Importance of Market Cap
