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

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 2,081,877 shares, an increase of 147.2% from the October 15th total of 842,072 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 4,348,314 shares, the short-interest ratio is currently 0.5 days.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of SJNK traded down $0.01 during trading hours on Friday, hitting $24.02. The stock had a trading volume of 914,489 shares, compared to its average volume of 3,351,400. SPDR Bloomberg Short Term High Yield Bond ETF has a 12 month low of $23.97 and a 12 month high of $25.49. The firm has a market capitalization of $4.31 billion, a PE ratio of 0.90 and a beta of 0.31. The stock has a fifty day moving average price of $24.29 and a 200 day moving average price of $24.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 3rd quarter valued at about $168,546,000. Wealthfront Advisers LLC lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 46.5% in the 1st quarter. Wealthfront Advisers LLC now owns 5,365,286 shares of the company’s stock worth $134,025,000 after purchasing an additional 1,703,692 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 15.5% in the second quarter. Envestnet Asset Management Inc. now owns 2,717,476 shares of the company’s stock worth $68,018,000 after buying an additional 365,297 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 7.3% in the first quarter. Assetmark Inc. now owns 2,475,556 shares of the company’s stock worth $61,839,000 after buying an additional 168,058 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 1.7% in the second quarter. Angeles Wealth Management LLC now owns 1,106,976 shares of the company’s stock worth $27,708,000 after buying an additional 18,620 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.