SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Sees Unusually-High Trading Volume – Time to Buy?

SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) saw unusually-strong trading volume on Friday . Approximately 5,611,240 shares changed hands during mid-day trading, an increase of 56% from the previous session’s volume of 3,603,970 shares.The stock last traded at $92.68 and had previously closed at $93.90.

SPDR Bloomberg High Yield Bond ETF Stock Down 1.5 %

The business has a 50 day moving average price of $96.06 and a two-hundred day moving average price of $96.37. The stock has a market cap of $7.64 billion, a P/E ratio of 20.14 and a beta of 0.48.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 134.4% during the third quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock valued at $222,177,000 after buying an additional 8,872,450 shares during the last quarter. World Investment Advisors LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF by 90,838.6% in the 3rd quarter. World Investment Advisors LLC now owns 1,966,093 shares of the exchange traded fund’s stock valued at $192,264,000 after acquiring an additional 1,963,931 shares during the last quarter. Schroder Investment Management Group increased its holdings in SPDR Bloomberg High Yield Bond ETF by 450.3% in the 4th quarter. Schroder Investment Management Group now owns 841,294 shares of the exchange traded fund’s stock valued at $80,335,000 after acquiring an additional 688,414 shares during the last quarter. Assetmark Inc. lifted its stake in SPDR Bloomberg High Yield Bond ETF by 11.6% in the 4th quarter. Assetmark Inc. now owns 4,963,622 shares of the exchange traded fund’s stock worth $473,877,000 after purchasing an additional 517,382 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 42.4% during the 4th quarter. LPL Financial LLC now owns 1,461,128 shares of the exchange traded fund’s stock valued at $139,494,000 after purchasing an additional 434,953 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

About SPDR Bloomberg High Yield Bond ETF

SPDR Barclays High Yield Bond ETF (the Fund), formerly SPDR Barclays Capital High Yield Bond ETF, seeks to provide investment results that correspond to the price and yield performance of the Barclays Capital High Yield Very Liquid Index (the Index). The Index includes publicly issued United States dollar denominated, non-investment grade, fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year, regardless of optionality, are rated high-yield using the middle rating of Moody’s, S&P, and Fitch, respectively, and have $600 million or more of outstanding face value.