SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Sees Large Decline in Short Interest

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 439,068 shares, a drop of 54.4% from the January 15th total of 962,899 shares. Based on an average daily trading volume, of 2,778,181 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 2,778,181 shares, the short-interest ratio is presently 0.2 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 8.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 17,098,748 shares of the company’s stock valued at $436,856,000 after buying an additional 1,319,118 shares during the last quarter. iA Global Asset Management Inc. grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 40.5% in the fourth quarter. iA Global Asset Management Inc. now owns 7,069,236 shares of the company’s stock worth $178,993,000 after acquiring an additional 2,037,400 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 0.7% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 6,868,188 shares of the company’s stock valued at $173,903,000 after acquiring an additional 48,180 shares during the last quarter. LPL Financial LLC increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 4.7% during the fourth quarter. LPL Financial LLC now owns 6,044,705 shares of the company’s stock valued at $153,052,000 after acquiring an additional 270,066 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 8.8% in the fourth quarter. Wealthfront Advisers LLC now owns 3,661,594 shares of the company’s stock valued at $92,712,000 after acquiring an additional 294,810 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Trading Down 0.1%

NYSEARCA:SJNK traded down $0.03 during mid-day trading on Thursday, reaching $25.29. The company’s stock had a trading volume of 3,089,816 shares, compared to its average volume of 3,605,149. SPDR Bloomberg Short Term High Yield Bond ETF has a 12-month low of $23.92 and a 12-month high of $25.65. The firm’s fifty day moving average price is $25.36 and its two-hundred day moving average price is $25.40. The stock has a market cap of $5.31 billion, a P/E ratio of 0.90 and a beta of 0.31.

SPDR Bloomberg Short Term High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1397 per share. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Monday, February 2nd.

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.