SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 43,226,759 shares, a decline of 6.0% from the February 15th total of 45,988,062 shares. Based on an average trading volume of 13,521,512 shares, the days-to-cover ratio is presently 3.2 days.

A number of institutional investors have recently added to or reduced their stakes in JNK. BlackRock Inc. boosted its holdings in SPDR Bloomberg Barclays High Yield Bond ETF by 299.4% in the third quarter. BlackRock Inc. now owns 5,523,413 shares of the exchange traded fund’s stock worth $199,119,000 after acquiring an additional 4,140,423 shares in the last quarter. Bluefin Trading LLC bought a new stake in SPDR Bloomberg Barclays High Yield Bond ETF in the fourth quarter worth $99,788,000. Merit Financial Group LLC boosted its holdings in SPDR Bloomberg Barclays High Yield Bond ETF by 2,108.4% in the fourth quarter. Merit Financial Group LLC now owns 2,134,258 shares of the exchange traded fund’s stock worth $64,844,000 after acquiring an additional 2,037,614 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in SPDR Bloomberg Barclays High Yield Bond ETF by 68.8% in the fourth quarter. Hsbc Holdings PLC now owns 4,443,208 shares of the exchange traded fund’s stock worth $149,247,000 after acquiring an additional 1,811,465 shares in the last quarter. Finally, United Services Automobile Association boosted its holdings in SPDR Bloomberg Barclays High Yield Bond ETF by 43.9% in the third quarter. United Services Automobile Association now owns 4,837,880 shares of the exchange traded fund’s stock worth $174,406,000 after acquiring an additional 1,477,040 shares in the last quarter.

SPDR Bloomberg Barclays High Yield Bond ETF stock opened at $35.71 on Wednesday. SPDR Bloomberg Barclays High Yield Bond ETF has a 12 month low of $32.92 and a 12 month high of $36.32.

The business also recently announced a monthly dividend, which was paid on Thursday, March 7th. Shareholders of record on Monday, March 4th were issued a $0.1734 dividend. This represents a $2.08 annualized dividend and a yield of 5.83%. This is an increase from SPDR Bloomberg Barclays High Yield Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Friday, March 1st.

COPYRIGHT VIOLATION NOTICE: This piece was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://www.thecerbatgem.com/2019/03/20/spdr-bloomberg-barclays-high-yield-bond-etf-jnk-sees-significant-decrease-in-short-interest.html.

About SPDR Bloomberg Barclays High Yield Bond ETF

SPDR Barclays High Yield Bond ETF (the Fund), formerly SPDR Barclays Capital High Yield Bond ETF, seeks to provide investment results that correspond to the price and yield performance of the Barclays Capital High Yield Very Liquid Index (the Index). The Index includes publicly issued United States dollar denominated, non-investment grade, fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year, regardless of optionality, are rated high-yield using the middle rating of Moody’s, S&P, and Fitch, respectively, and have $600 million or more of outstanding face value.

Further Reading: Trading Stocks – What are percentage gainers?

Receive News & Ratings for SPDR Bloomberg Barclays High Yield Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Bloomberg Barclays High Yield Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.