SPDR Barclays Capital High Yield Bnd ETF (JNK) Sees Large Growth in Short Interest
SPDR Barclays Capital High Yield Bnd ETF (NYSEARCA:JNK) saw a significant growth in short interest in March. As of March 29th, there was short interest totalling 59,716,749 shares, a growth of 8.0% from the March 15th total of 55,311,046 shares. Based on an average trading volume of 11,745,648 shares, the days-to-cover ratio is currently 5.1 days.
Shares of NYSEARCA:JNK opened at $36.21 on Tuesday. SPDR Barclays Capital High Yield Bnd ETF has a 52-week low of $35.35 and a 52-week high of $37.46.
The company also recently disclosed a monthly dividend, which was paid on Friday, April 6th. Shareholders of record on Tuesday, April 3rd were given a $0.1499 dividend. This represents a $1.80 annualized dividend and a yield of 4.97%. The ex-dividend date was Monday, April 2nd.
About SPDR Barclays Capital High Yield Bnd ETF
SPDR Barclays High Yield Bond ETF (the Fund), formerly SPDR Barclays Capital High Yield Bond ETF, seeks to provide investment results that correspond to the price and yield performance of the Barclays Capital High Yield Very Liquid Index (the Index). The Index includes publicly issued United States dollar denominated, non-investment grade, fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year, regardless of optionality, are rated high-yield using the middle rating of Moody’s, S&P, and Fitch, respectively, and have $600 million or more of outstanding face value.
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