SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Reaches New 1-Year Low – Here’s Why

Shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $24.53 and last traded at $24.5350, with a volume of 1069925 shares traded. The stock had previously closed at $24.64.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

The firm has a market capitalization of $4.68 billion, a P/E ratio of 0.90 and a beta of 0.29. The firm’s 50-day moving average is $24.79 and its 200 day moving average is $24.93.

Institutional Trading of SPDR Bloomberg Short Term High Yield Bond ETF

A number of institutional investors have recently made changes to their positions in the business. LPL Financial LLC increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 4.7% in the 4th quarter. LPL Financial LLC now owns 6,044,705 shares of the company’s stock valued at $153,052,000 after buying an additional 270,066 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in shares of 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 last quarter. Sumitomo Mitsui Financial Group Inc. grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 8.6% in the 4th quarter. Sumitomo Mitsui Financial Group Inc. now owns 2,545,222 shares of the company’s stock valued at $64,445,000 after acquiring an additional 201,866 shares in the last quarter. Assetmark Inc. grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 7.3% in the 1st quarter. Assetmark Inc. now owns 2,475,556 shares of the company’s stock valued at $61,839,000 after acquiring an additional 168,058 shares in the last quarter. Finally, Shenkman Capital Management Inc. increased its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 381.0% in the fourth quarter. Shenkman Capital Management Inc. now owns 1,443,140 shares of the company’s stock valued at $37,539,000 after acquiring an additional 1,143,095 shares during the last quarter.

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.