SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Reaches New 1-Year Low – Here’s What Happened

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $24.31 and last traded at $24.35, with a volume of 3125441 shares traded. The stock had previously closed at $24.42.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.2%

The business’s 50 day moving average is $24.73 and its 200-day moving average is $24.91. The firm has a market capitalization of $4.61 billion, a P/E ratio of 0.90 and a beta of 0.29.

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

Large investors have recently modified their holdings of the business. First Bancorp Inc ME acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter worth $28,000. Ascentis Independent Advisors acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the first quarter valued at about $55,000. Continuum Advisory LLC acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter valued at about $58,000. Private Wealth Asset Management LLC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 167.0% in the fourth quarter. Private Wealth Asset Management LLC now owns 2,398 shares of the company’s stock valued at $61,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Tucker Asset Management LLC bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter valued at about $74,000.

About SPDR Bloomberg Short Term High Yield Bond ETF

(Get Free Report)

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.

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