SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Sees Strong Trading Volume – Time to Buy?

Shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) saw unusually-strong trading volume on Wednesday . Approximately 4,839,453 shares were traded during trading, an increase of 43% from the previous session’s volume of 3,388,892 shares.The stock last traded at $24.76 and had previously closed at $24.83.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

The firm has a fifty day moving average of $24.96 and a two-hundred day moving average of $25.09. The stock has a market capitalization of $4.89 billion, a P/E ratio of 0.90 and a beta of 0.29.

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

Several institutional investors have recently bought and sold shares of SJNK. Curran Financial Partners LLC raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 7.6% during the 4th quarter. Curran Financial Partners LLC now owns 626,985 shares of the company’s stock worth $15,875,000 after acquiring an additional 44,051 shares in the last quarter. Lebenthal Global Advisors LLC increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 28.9% during the 4th quarter. Lebenthal Global Advisors LLC now owns 487,311 shares of the company’s stock valued at $12,339,000 after purchasing an additional 109,313 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 6.1% during the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 419,721 shares of the company’s stock valued at $10,627,000 after buying an additional 24,228 shares during the last quarter. Altus Wealth Management LLC lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 29.5% during the 4th quarter. Altus Wealth Management LLC now owns 119,388 shares of the company’s stock worth $3,023,000 after acquiring an additional 27,172 shares during the period. Finally, Sage Investment Advisers LLC acquired a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter worth about $1,649,000.

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.