SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Sees Large Volume Increase – Here’s Why

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) shares saw strong trading volume on Friday . 4,074,382 shares changed hands during mid-day trading, an increase of 11% from the previous session’s volume of 3,663,224 shares.The stock last traded at $25.56 and had previously closed at $25.53.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Up 0.0 %

The firm has a market capitalization of $4.70 billion, a PE ratio of 0.91 and a beta of 0.26. The stock has a 50-day moving average price of $25.55 and a 200 day moving average price of $25.26.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 98.3% during the third quarter. Private Trust Co. NA now owns 1,878 shares of the company’s stock valued at $48,000 after purchasing an additional 931 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 3rd quarter worth about $138,000. Ashton Thomas Private Wealth LLC purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter valued at about $152,000. Captrust Financial Advisors boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 7.2% in the 3rd quarter. Captrust Financial Advisors now owns 10,404 shares of the company’s stock worth $268,000 after buying an additional 698 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 6.4% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 14,530 shares of the company’s stock worth $363,000 after buying an additional 880 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Company Profile

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.