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 growth in short interest in the month of October. As of October 30th, there was short interest totaling 2,081,877 shares, a growth of 147.2% from the October 15th total of 842,072 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 4,348,314 shares, the short-interest ratio is currently 0.5 days.

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

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

SPDR Bloomberg Short Term High Yield Bond ETF Trading Down 0.0%

Shares of SJNK traded down $0.01 during trading hours on Friday, reaching $24.02. 914,489 shares of the stock traded hands, compared to its average volume of 3,351,400. The company has a market cap of $4.31 billion, a P/E ratio of 0.90 and a beta of 0.31. The company’s 50-day moving average price is $24.29 and its two-hundred day moving average price is $24.84. SPDR Bloomberg Short Term High Yield Bond ETF has a 52-week low of $23.97 and a 52-week high of $25.49.

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.