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 target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 962,899 shares, a decrease of 25.8% from the December 31st total of 1,297,010 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,827,019 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 3,827,019 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the shares of the stock are short sold.

SPDR Bloomberg Short Term High Yield Bond ETF Trading Down 0.5%

SPDR Bloomberg Short Term High Yield Bond ETF stock traded down $0.13 during midday trading on Monday, reaching $25.30. 3,554,644 shares of the stock traded hands, compared to its average volume of 3,314,550. The company has a 50-day simple moving average of $25.37 and a two-hundred day simple moving average of $25.41. The firm has a market cap of $5.32 billion, a PE ratio of 0.90 and a beta of 0.31. SPDR Bloomberg Short Term High Yield Bond ETF has a 12-month low of $23.92 and a 12-month high of $25.65.

SPDR Bloomberg Short Term High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Investors 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) annualized dividend and a dividend yield of 6.6%.

Institutional Investors Weigh In On SPDR Bloomberg Short Term High Yield Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Trust & Banking Corp grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 33.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,000,000 shares of the company’s stock worth $25,000 after purchasing an additional 250,000 shares during the last quarter. Ameriflex Group Inc. lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 440.9% in the third quarter. Ameriflex Group Inc. now owns 1,190 shares of the company’s stock worth $30,000 after buying an additional 970 shares during the last quarter. City Holding Co. bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the fourth quarter valued at about $32,000. Root Financial Partners LLC bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 3rd quarter valued at approximately $35,000. Finally, Franklin Resources Inc. acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter valued at about $36,000.

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.