Short Interest in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Expands By 22.6%

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 538,281 shares, a growth of 22.6% from the January 29th total of 439,068 shares. Based on an average daily trading volume, of 4,130,811 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 4,130,811 shares, the short-interest ratio is presently 0.1 days.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

Shares of NYSEARCA:SJNK traded up $0.08 during mid-day trading on Wednesday, hitting $25.13. 4,166,340 shares of the company traded hands, compared to its average volume of 3,888,508. The firm’s 50 day simple moving average is $25.34 and its 200 day simple moving average is $25.39. The firm has a market cap of $5.28 billion, a P/E ratio of 0.90 and a beta of 0.31. SPDR Bloomberg Short Term High Yield Bond ETF has a 52-week low of $23.92 and a 52-week high of $25.65.

SPDR Bloomberg Short Term High Yield Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.144 per share. This is an increase from SPDR Bloomberg Short Term High Yield Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Monday, March 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. EJMK Ventures LLC purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the 4th quarter worth $323,000. Monetary Solutions Ltd acquired a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter valued at about $3,620,000. Blue Capital Inc. grew its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 56.5% during the fourth quarter. Blue Capital Inc. now owns 217,494 shares of the company’s stock valued at $5,507,000 after acquiring an additional 78,513 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 19.6% during the fourth quarter. Corient Private Wealth LLC now owns 16,727 shares of the company’s stock worth $424,000 after acquiring an additional 2,738 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 101.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 57,132 shares of the company’s stock worth $1,447,000 after acquiring an additional 28,816 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.