SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Reaches New 12-Month Low – Should You Sell?

Shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) hit a new 52-week low on Tuesday . The company traded as low as $24.72 and last traded at $24.73, with a volume of 2987508 shares traded. The stock had previously closed at $24.92.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

The stock has a market capitalization of $4.73 billion, a PE ratio of 0.90 and a beta of 0.29. The company has a 50 day moving average price of $24.89 and a 200-day moving average price of $25.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Tucker Asset Management LLC bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter worth $74,000. Echo45 Advisors LLC boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 4.9% during the second quarter. Echo45 Advisors LLC now owns 207,676 shares of the company’s stock valued at $5,198,000 after purchasing an additional 9,754 shares in the last quarter. Angeles Wealth Management LLC grew its stake in 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 purchasing an additional 18,620 shares during the period. XP Advisory US Inc. bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter worth $1,275,000. Finally, Compass Financial Management LLC purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at $229,000.

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.