Short Interest in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Decreases By 55.7%

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 1,297,010 shares, a drop of 55.7% from the December 15th total of 2,930,718 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 3,032,444 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 3,032,444 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.6% of the company’s shares are sold short.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Up 0.1%

NYSEARCA:SJNK traded up $0.02 during mid-day trading on Friday, hitting $25.45. 1,926,564 shares of the stock traded hands, compared to its average volume of 3,629,679. SPDR Bloomberg Short Term High Yield Bond ETF has a 52 week low of $23.92 and a 52 week high of $25.65. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31. The firm’s 50 day moving average is $25.33 and its two-hundred day moving average is $25.40.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. iA Global Asset Management Inc. boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 108.0% during the 3rd quarter. iA Global Asset Management Inc. now owns 5,031,836 shares of the company’s stock valued at $128,815,000 after acquiring an additional 2,612,700 shares during the period. RMG Wealth Management LLC bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth $62,337,000. Ameriprise Financial Inc. boosted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 8.4% during the third quarter. Ameriprise Financial Inc. now owns 17,098,748 shares of the company’s stock valued at $436,856,000 after purchasing an additional 1,319,118 shares during the period. American Century Companies Inc. boosted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2,175.2% during the third quarter. American Century Companies Inc. now owns 1,017,017 shares of the company’s stock valued at $26,036,000 after purchasing an additional 972,317 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at $22,117,000.

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.