SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $24.69 and last traded at $24.6950, with a volume of 91592 shares changing hands. The stock had previously closed at $24.70.
SPDR Bloomberg Short Term High Yield Bond ETF Price Performance
The firm has a 50-day simple moving average of $24.86 and a 200 day simple moving average of $24.98. The company has a market capitalization of $4.73 billion, a PE ratio of 0.90 and a beta of 0.29.
Hedge Funds Weigh In On SPDR Bloomberg Short Term High Yield Bond ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 649,964.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,294,726 shares of the company’s stock valued at $58,102,000 after acquiring an additional 2,294,373 shares in the last quarter. iA Global Asset Management Inc. grew its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 40.5% during the 4th quarter. iA Global Asset Management Inc. now owns 7,069,236 shares of the company’s stock valued at $178,993,000 after purchasing an additional 2,037,400 shares in the last quarter. Wealthfront Advisers LLC increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 46.5% during the 1st quarter. Wealthfront Advisers LLC now owns 5,365,286 shares of the company’s stock worth $134,025,000 after buying an additional 1,703,692 shares during the period. Shenkman Capital Management Inc. lifted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 381.0% in the 4th quarter. Shenkman Capital Management Inc. now owns 1,443,140 shares of the company’s stock worth $37,539,000 after buying an additional 1,143,095 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the 4th quarter worth $12,512,000.
SPDR Bloomberg Short Term High Yield Bond ETF Company Profile
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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