SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Short Interest Update

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,577,143 shares, an increase of 47.5% from the July 30th total of 1,746,702 shares. Based on an average trading volume of 2,171,409 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.3% of the company’s shares are sold short.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of NYSEARCA:SJNK traded down $0.21 during trading on Tuesday, reaching $24.71. 3,490,222 shares of the company were exchanged, compared to its average volume of 3,208,689. The business’s fifty day simple moving average is $24.89 and its 200-day simple moving average is $25.00. SPDR Bloomberg Short Term High Yield Bond ETF has a 12-month low of $24.70 and a 12-month high of $25.65. The firm has a market capitalization of $4.73 billion, a PE ratio of 0.90 and a beta of 0.29.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 33.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,000,000 shares of the company’s stock worth $25,000 after buying an additional 250,000 shares during the period. First Bancorp Inc ME bought a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter valued at about $28,000. Franklin Resources Inc. purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter worth about $36,000. Ascentis Independent Advisors purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the first quarter worth about $55,000. Finally, Continuum Advisory LLC bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter worth about $58,000.

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.