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) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 439,068 shares, a decrease of 54.4% from the January 15th total of 962,899 shares. Based on an average daily volume of 2,778,181 shares, the short-interest ratio is currently 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 volume of 2,778,181 shares, the short-interest ratio is currently 0.2 days.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of SJNK traded down $0.03 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. The stock’s 50 day simple moving average is $25.36 and its two-hundred day simple moving average is $25.40. The stock has a market capitalization 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 has a 12-month low of $23.92 and a 12-month high of $25.65.

SPDR Bloomberg Short Term High Yield Bond ETF Cuts Dividend

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

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 SJNK. Mitsubishi UFJ Trust & Banking Corp grew its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 33.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,000,000 shares of the company’s stock valued at $25,000 after purchasing an additional 250,000 shares during the period. Ameriflex Group Inc. grew its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 440.9% during the 3rd quarter. Ameriflex Group Inc. now owns 1,190 shares of the company’s stock valued at $30,000 after acquiring an additional 970 shares during the period. City Holding Co. bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 4th quarter valued at approximately $32,000. Root Financial Partners LLC purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the 3rd quarter worth approximately $35,000. Finally, Franklin Resources Inc. bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter worth approximately $36,000.

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.