SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Reaches New 12-Month Low – Here’s What Happened

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK – Get Free Report)’s stock price hit a new 52-week low on Wednesday. The stock traded as low as $24.53 and last traded at $24.5350, with a volume of 1069925 shares. The stock had previously closed at $24.64.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

The firm’s 50-day moving average is $24.78 and its 200-day moving average is $24.93. The company has a market capitalization of $4.67 billion, a P/E ratio of 0.90 and a beta of 0.29.

Hedge Funds Weigh In On SPDR Bloomberg Short Term High Yield Bond ETF

A number of institutional investors have recently bought and sold shares of the stock. First Bancorp Inc ME bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter worth about $28,000. Ascentis Independent Advisors bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the 1st quarter worth approximately $55,000. Continuum Advisory LLC bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter worth approximately $58,000. Private Wealth Asset Management LLC lifted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 167.0% during the fourth quarter. Private Wealth Asset Management LLC now owns 2,398 shares of the company’s stock valued at $61,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Tucker Asset Management LLC bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter worth approximately $74,000.

SPDR Bloomberg Short Term High Yield Bond ETF Company Profile

(Get Free Report)

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.

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