SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Sees Significant Growth in Short Interest

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 2,577,143 shares, a growth of 47.5% from the July 30th total of 1,746,702 shares. Based on an average daily trading volume, of 2,171,409 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.3% of the company’s shares are short sold.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.0%

Shares of NYSEARCA SJNK opened at $24.69 on Thursday. The company’s fifty day moving average is $24.88 and its 200-day moving average is $24.99. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29. SPDR Bloomberg Short Term High Yield Bond ETF has a twelve month low of $24.69 and a twelve month high of $25.65.

Hedge Funds Weigh In On SPDR Bloomberg Short Term High Yield Bond ETF

A number of large investors have recently added to or reduced their stakes in SJNK. TD Private Client Wealth LLC boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 20.6% during the fourth quarter. TD Private Client Wealth LLC now owns 231,614 shares of the company’s stock worth $5,864,000 after buying an additional 39,566 shares during the period. Sage Investment Advisers LLC acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the 4th quarter valued at approximately $1,649,000. Win Advisors Inc. acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the 4th quarter valued at approximately $875,000. Williams Financial LLC bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the 4th quarter valued at approximately $2,780,000. Finally, Trevian Wealth Management LLC bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the 4th quarter valued at approximately $843,000.

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.