SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Short Interest Update

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 1,419,451 shares, a decrease of 35.7% from the August 31st total of 2,207,893 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 2,513,734 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SJNK. First Bancorp Inc ME purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter worth approximately $28,000. Ascentis Independent Advisors purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 1st quarter worth $55,000. Continuum Advisory LLC purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter worth $58,000. Private Wealth Asset Management LLC grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 167.0% in the fourth quarter. Private Wealth Asset Management LLC now owns 2,398 shares of the company’s stock worth $61,000 after acquiring an additional 1,500 shares during the period. Finally, Millstone Evans Group LLC increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 206.8% during the first quarter. Millstone Evans Group LLC now owns 2,973 shares of the company’s stock valued at $74,000 after acquiring an additional 2,004 shares during the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

NYSEARCA SJNK opened at $24.25 on Thursday. SPDR Bloomberg Short Term High Yield Bond ETF has a one year low of $24.24 and a one year high of $25.58. The stock has a 50-day moving average of $24.73 and a 200 day moving average of $24.91. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29.

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.