SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Short Interest Down 25.8% in January

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 962,899 shares, a decline of 25.8% from the December 31st total of 1,297,010 shares. Based on an average daily trading volume, of 3,827,019 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 3,827,019 shares, the short-interest ratio is presently 0.3 days.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

NYSEARCA SJNK traded up $0.01 during trading hours on Friday, reaching $25.43. The stock had a trading volume of 3,449,592 shares, compared to its average volume of 3,302,545. SPDR Bloomberg Short Term High Yield Bond ETF has a 52-week low of $23.92 and a 52-week high of $25.65. The stock has a fifty day moving average of $25.37 and a 200 day moving average of $25.41. The stock has a market cap of $5.34 billion, a P/E ratio of 0.90 and a beta of 0.31.

Institutional Trading of SPDR Bloomberg Short Term High Yield Bond ETF

Several institutional investors have recently modified their holdings of SJNK. Commonwealth Equity Services LLC boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 60.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 384,943 shares of the company’s stock valued at $9,855,000 after purchasing an additional 145,113 shares during the last quarter. Blue Capital Inc. purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter worth approximately $3,464,000. Guggenheim Capital LLC raised its position in SPDR Bloomberg Short Term High Yield Bond ETF by 11.3% in the second quarter. Guggenheim Capital LLC now owns 332,304 shares of the company’s stock valued at $8,467,000 after purchasing an additional 33,722 shares during the period. Sowell Financial Services LLC lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 93.8% in the 3rd quarter. Sowell Financial Services LLC now owns 154,089 shares of the company’s stock valued at $3,945,000 after purchasing an additional 74,594 shares during the last quarter. Finally, AE Wealth Management LLC grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 5.6% during the 2nd quarter. AE Wealth Management LLC now owns 118,169 shares of the company’s stock worth $3,011,000 after purchasing an additional 6,292 shares during the period.

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.