SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Short Interest Down 43.9% in June

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 1,405,193 shares, a decline of 43.9% from the May 31st total of 2,506,966 shares. Based on an average daily volume of 2,751,308 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.7% of the shares of the company are short sold.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

NYSEARCA SJNK traded down $0.12 on Wednesday, hitting $24.91. 2,517,791 shares of the company’s stock were exchanged, compared to its average volume of 3,575,698. The firm’s 50-day moving average price is $25.04 and its two-hundred day moving average price is $25.15. SPDR Bloomberg Short Term High Yield Bond ETF has a fifty-two week low of $24.72 and a fifty-two week high of $25.65. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29.

Institutional Trading of SPDR Bloomberg Short Term High Yield Bond ETF

Institutional investors have recently modified their holdings of the business. Ameriflex Group Inc. raised its position 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 worth $30,000 after purchasing an additional 970 shares during the last quarter. City Holding Co. bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the 4th quarter worth about $32,000. Franklin Resources Inc. bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter worth about $36,000. Ascentis Independent Advisors acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the first quarter worth about $55,000. Finally, Private Wealth Asset Management LLC boosted 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 worth $61,000 after buying an additional 1,500 shares in the last quarter.

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.