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

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) shares reached a new 52-week low on Monday. The company traded as low as $23.99 and last traded at $23.9950, with a volume of 6,683,297 shares. The stock had previously closed at $24.16.

SPDR Bloomberg Short Term High Yield Bond ETF Trading Down 0.7%

The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 0.90 and a beta of 0.30. The company has a fifty day moving average price of $24.43 and a 200-day moving average price of $24.90.

Institutional Trading of SPDR Bloomberg Short Term High Yield Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. QP Wealth Management LLC increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2.3% during the 3rd quarter. QP Wealth Management LLC now owns 19,519 shares of the company’s stock worth $473,000 after purchasing an additional 435 shares during the last quarter. Capital Analysts LLC lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 13.6% in the 2nd quarter. Capital Analysts LLC now owns 4,304 shares of the company’s stock valued at $108,000 after purchasing an additional 516 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 24,667 shares of the company’s stock valued at $616,000 after purchasing an additional 575 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 6.5% in the third quarter. Apollon Wealth Management LLC now owns 10,044 shares of the company’s stock worth $244,000 after purchasing an additional 616 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 0.3% in the third quarter. Sound Income Strategies LLC now owns 227,665 shares of the company’s stock worth $5,505,000 after purchasing an additional 668 shares in the last quarter.

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.