Shenkman Capital Management Inc. Acquires 1,143,095 Shares of SPDR Bloomberg Short Term High Yield Bond ETF $SJNK

Shenkman Capital Management Inc. grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) by 381.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,443,140 shares of the company’s stock after purchasing an additional 1,143,095 shares during the period. SPDR Bloomberg Short Term High Yield Bond ETF makes up approximately 4.0% of Shenkman Capital Management Inc.’s investment portfolio, making the stock its 4th largest holding. Shenkman Capital Management Inc. owned 0.69% of SPDR Bloomberg Short Term High Yield Bond ETF worth $37,539,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ameriflex Group Inc. grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 440.9% in the 3rd quarter. Ameriflex Group Inc. now owns 1,190 shares of the company’s stock valued at $30,000 after buying an additional 970 shares in the last quarter. City Holding Co. bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the fourth quarter valued at approximately $32,000. Franklin Resources Inc. acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at approximately $36,000. Ashton Thomas Securities LLC bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter worth approximately $65,000. Finally, Boyd Watterson Asset Management LLC OH lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 129.3% in the third quarter. Boyd Watterson Asset Management LLC OH now owns 3,162 shares of the company’s stock worth $81,000 after purchasing an additional 1,783 shares during the period.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

Shares of SJNK stock opened at $25.14 on Monday. SPDR Bloomberg Short Term High Yield Bond ETF has a 1 year low of $24.72 and a 1 year high of $25.65. The business’s fifty day moving average is $25.04 and its 200-day moving average is $25.20. The stock has a market cap of $4.80 billion, a PE ratio of 0.90 and a beta of 0.29.

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.