SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK – Get Free Report) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,405,193 shares, a decline of 43.9% from the May 31st total of 2,506,966 shares. Based on an average daily volume of 2,751,308 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.7% of the company’s stock are short sold.
Institutional Investors Weigh In On SPDR Bloomberg Short Term High Yield Bond ETF
Several hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 28.7% during the third quarter. JPMorgan Chase & Co. now owns 539,982 shares of the company’s stock worth $13,824,000 after purchasing an additional 120,533 shares during the period. Curran Financial Partners LLC increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 7.6% in the 4th quarter. Curran Financial Partners LLC now owns 626,985 shares of the company’s stock valued at $15,875,000 after buying an additional 44,051 shares during the period. Altus Wealth Management LLC increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 29.5% in the 4th quarter. Altus Wealth Management LLC now owns 119,388 shares of the company’s stock valued at $3,023,000 after buying an additional 27,172 shares during the period. Lebenthal Global Advisors LLC lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 28.9% in the 4th quarter. Lebenthal Global Advisors LLC now owns 487,311 shares of the company’s stock worth $12,339,000 after buying an additional 109,313 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 6.1% in the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 419,721 shares of the company’s stock worth $10,627,000 after buying an additional 24,228 shares in the last quarter.
SPDR Bloomberg Short Term High Yield Bond ETF Stock Up 0.1%
SJNK opened at $24.93 on Friday. The stock has a fifty day moving average of $25.03 and a 200-day moving average of $25.15. The firm has a market capitalization of $4.86 billion, a P/E ratio of 0.90 and a beta of 0.29. SPDR Bloomberg Short Term High Yield Bond ETF has a 12-month low of $24.72 and a 12-month high of $25.65.
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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