SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Sets New 12-Month Low – Time to Sell?

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) shares hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $23.99 and last traded at $23.9950, with a volume of 6,683,297 shares changing hands. The stock had previously closed at $24.16.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Up 0.5%

The company has a market cap of $4.35 billion, a price-to-earnings ratio of 0.90 and a beta of 0.31. The stock’s 50-day simple moving average is $24.38 and its 200 day simple moving average is $24.88.

Hedge Funds Weigh In On SPDR Bloomberg Short Term High Yield Bond ETF

Large investors have recently made changes to their positions in the stock. M Holdings Securities Inc. acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF in the 3rd quarter valued at approximately $817,000. Endowment Wealth Management Inc. lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 33.3% during the third quarter. Endowment Wealth Management Inc. now owns 14,187 shares of the company’s stock worth $344,000 after purchasing an additional 3,546 shares in the last quarter. StoneX Group Inc. acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the third quarter worth $939,000. Parallel Advisors LLC boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 85.7% during the third quarter. Parallel Advisors LLC now owns 7,279 shares of the company’s stock worth $177,000 after buying an additional 3,359 shares during the period. Finally, Employees Retirement Fund of the City of Fort Worth boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 28.8% during the third quarter. Employees Retirement Fund of the City of Fort Worth now owns 893,800 shares of the company’s stock worth $21,675,000 after buying an additional 200,000 shares during the period.

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.