SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Sets New 52-Week Low – Time to Sell?

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 $24.69 and last traded at $24.6950, with a volume of 91592 shares. The stock had previously closed at $24.70.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

The business has a fifty day moving average price of $24.85 and a 200 day moving average price of $24.97. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 1.2% in the second quarter. Tidal Investments LLC now owns 116,673 shares of the company’s stock valued at $2,904,000 after buying an additional 1,367 shares during the period. Capital Analysts LLC boosted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 13.6% during the second quarter. Capital Analysts LLC now owns 4,304 shares of the company’s stock worth $108,000 after purchasing an additional 516 shares during the period. Integrated Wealth Concepts LLC boosted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 14.0% during the second quarter. Integrated Wealth Concepts LLC now owns 61,029 shares of the company’s stock valued at $1,528,000 after purchasing an additional 7,484 shares during the last quarter. NewEdge Advisors LLC lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 28.7% in the second quarter. NewEdge Advisors LLC now owns 310,422 shares of the company’s stock valued at $7,770,000 after acquiring an additional 69,152 shares during the last quarter. Finally, BayBridge Capital Group LLC lifted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 22.0% in the second quarter. BayBridge Capital Group LLC now owns 196,703 shares of the company’s stock worth $4,923,000 after buying an additional 35,523 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.