SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Sees Large Volume Increase – Still a Buy?

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) shares saw unusually-strong trading volume on Tuesday . Approximately 7,236,030 shares traded hands during mid-day trading, an increase of 108% from the previous session’s volume of 3,478,403 shares.The stock last traded at $25.2650 and had previously closed at $25.30.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

The firm has a market cap of $5.31 billion, a PE ratio of 0.90 and a beta of 0.31. The firm’s 50 day moving average price is $25.37 and its two-hundred day moving average price is $25.41.

SPDR Bloomberg Short Term High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be given a $0.1397 dividend. The ex-dividend date is Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 6.6%.

Institutional Trading of SPDR Bloomberg Short Term High Yield Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 33.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,000,000 shares of the company’s stock valued at $25,000 after acquiring an additional 250,000 shares during the last quarter. Ameriflex Group Inc. increased its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 440.9% in the 3rd quarter. Ameriflex Group Inc. now owns 1,190 shares of the company’s stock valued at $30,000 after purchasing an additional 970 shares during the last quarter. City Holding Co. acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter worth $32,000. Root Financial Partners LLC purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the third quarter worth $35,000. Finally, Franklin Resources Inc. acquired a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter valued at $36,000.

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.