Short Interest in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Expands By 284.5%

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 2,069,578 shares, a growth of 284.5% from the February 12th total of 538,281 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average trading volume of 4,123,388 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 4,123,388 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.0% of the shares of the company are short sold.

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

Several hedge funds and other institutional investors have recently made changes to their positions in SJNK. Ameriprise Financial Inc. increased its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 17,098,748 shares of the company’s stock valued at $436,856,000 after purchasing an additional 1,319,118 shares during the period. iA Global Asset Management Inc. lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 40.5% in the 4th quarter. iA Global Asset Management Inc. now owns 7,069,236 shares of the company’s stock valued at $178,993,000 after purchasing an additional 2,037,400 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC boosted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 0.7% during the 4th quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 6,868,188 shares of the company’s stock worth $173,903,000 after acquiring an additional 48,180 shares in the last quarter. LPL Financial LLC boosted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 4.7% during the fourth quarter. LPL Financial LLC now owns 6,044,705 shares of the company’s stock worth $153,052,000 after purchasing an additional 270,066 shares in the last quarter. Finally, Wealthfront Advisers LLC lifted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 8.8% during the 4th quarter. Wealthfront Advisers LLC now owns 3,661,594 shares of the company’s stock valued at $92,712,000 after buying an additional 294,810 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Trading Down 0.5%

SPDR Bloomberg Short Term High Yield Bond ETF stock traded down $0.13 during midday trading on Thursday, hitting $24.88. The stock had a trading volume of 4,402,289 shares, compared to its average volume of 3,980,741. 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 company has a market capitalization of $5.23 billion, a PE ratio of 0.90 and a beta of 0.31. The firm’s fifty day moving average is $25.30 and its two-hundred day moving average is $25.37.

SPDR Bloomberg Short Term High Yield Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.144 dividend. This is a boost from SPDR Bloomberg Short Term High Yield Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

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.