SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Stock Short Interest Declines 35.7%

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 1,419,451 shares, a decline of 35.7% from the August 31st total of 2,207,893 shares. Based on an average daily trading volume, of 2,513,734 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the company’s stock are sold short.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Up 0.2%

Shares of NYSEARCA:SJNK traded up $0.06 during midday trading on Friday, reaching $24.19. The company’s stock had a trading volume of 830,466 shares, compared to its average volume of 3,263,206. The firm has a 50 day moving average of $24.72 and a 200-day moving average of $24.90. The firm has a market capitalization of $4.54 billion, a P/E ratio of 0.90 and a beta of 0.30. SPDR Bloomberg Short Term High Yield Bond ETF has a 12-month low of $23.99 and a 12-month high of $25.58.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Bancorp Inc ME purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at approximately $28,000. Ascentis Independent Advisors purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 1st quarter worth approximately $55,000. Continuum Advisory LLC purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter worth approximately $58,000. Private Wealth Asset Management LLC grew its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 167.0% in the 4th quarter. Private Wealth Asset Management LLC now owns 2,398 shares of the company’s stock worth $61,000 after buying an additional 1,500 shares during the last quarter. Finally, Millstone Evans Group LLC increased its position in SPDR Bloomberg Short Term High Yield Bond ETF by 206.8% during the 1st quarter. Millstone Evans Group LLC now owns 2,973 shares of the company’s stock valued at $74,000 after buying an additional 2,004 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.