SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Reaches New 12-Month Low – Should You Sell?

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $24.72 and last traded at $24.73, with a volume of 2987508 shares traded. The stock had previously closed at $24.92.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

The stock has a market cap of $4.73 billion, a PE ratio of 0.90 and a beta of 0.29. The business has a 50 day moving average price of $24.89 and a two-hundred day moving average price of $25.00.

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

Institutional investors have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 20.6% during the fourth quarter. TD Private Client Wealth LLC now owns 231,614 shares of the company’s stock worth $5,864,000 after purchasing an additional 39,566 shares during the period. Sage Investment Advisers LLC bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the fourth quarter worth about $1,649,000. Win Advisors Inc. purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the 4th quarter valued at about $875,000. TradeWell Securities LLC. purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the 4th quarter valued at about $917,000. Finally, Ameritas Advisory Services LLC raised its position in SPDR Bloomberg Short Term High Yield Bond ETF by 4,013.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 31,879 shares of the company’s stock valued at $807,000 after purchasing an additional 31,104 shares during the last quarter.

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.