SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK – Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 3,492,635 shares, an increase of 74.1% from the March 15th total of 2,006,461 shares. Based on an average daily volume of 5,117,179 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.9% of the shares of the company are sold short.
SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance
Shares of NYSEARCA:SJNK traded up $0.06 during midday trading on Tuesday, hitting $25.17. The company’s stock had a trading volume of 2,700,089 shares, compared to its average volume of 4,238,769. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 0.90 and a beta of 0.30. The stock’s 50 day simple moving average is $25.09 and its 200 day simple moving average is $25.27. SPDR Bloomberg Short Term High Yield Bond ETF has a fifty-two week low of $24.55 and a fifty-two week high of $25.65.
Institutional Investors Weigh In On SPDR Bloomberg Short Term High Yield Bond ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 60.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 384,943 shares of the company’s stock valued at $9,855,000 after acquiring an additional 145,113 shares in the last quarter. Sowell Financial Services LLC boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 93.8% during the 3rd quarter. Sowell Financial Services LLC now owns 154,089 shares of the company’s stock valued at $3,945,000 after acquiring an additional 74,594 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,814,275 shares of the company’s stock valued at $72,045,000 after acquiring an additional 72,880 shares in the last quarter. DAVENPORT & Co LLC boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 98.6% during the 3rd quarter. DAVENPORT & Co LLC now owns 1,074,322 shares of the company’s stock valued at $27,503,000 after acquiring an additional 533,342 shares in the last quarter. Finally, Caldwell Trust Co acquired a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter valued at about $8,342,000.
About SPDR Bloomberg Short Term High Yield Bond ETF
The SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of short-term publicly issued US high yield corporate bonds, with a remaining maturity of less than five years. SJNK was launched on Mar 15, 2012 and is managed by State Street.
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