SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Hits New 1-Year Low – Time to Sell?

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $24.54 and last traded at $24.58, with a volume of 1838884 shares traded. The stock had previously closed at $24.60.

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

The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29. The business’s 50 day simple moving average is $24.82 and its 200 day simple moving average is $24.95.

Institutional Investors Weigh In On SPDR Bloomberg Short Term High Yield Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Wealthfront Advisers LLC raised its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 46.5% in the first quarter. Wealthfront Advisers LLC now owns 5,365,286 shares of the company’s stock valued at $134,025,000 after purchasing an additional 1,703,692 shares during the period. Shenkman Capital Management Inc. boosted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 381.0% during 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 during the period. LPL Financial LLC boosted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 4.7% during the 4th quarter. LPL Financial LLC now owns 6,044,705 shares of the company’s stock worth $153,052,000 after buying an additional 270,066 shares during the period. AA Financial Advisors LLC grew its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 186.4% in the 1st quarter. AA Financial Advisors LLC now owns 311,377 shares of the company’s stock valued at $7,778,000 after buying an additional 202,649 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. grew its stake in 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 buying an additional 201,866 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.