SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Sees Large Increase in Short Interest

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 2,577,143 shares, an increase of 47.5% from the July 30th total of 1,746,702 shares. Based on an average daily trading volume, of 2,171,409 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.3% of the company’s stock are sold short.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

SPDR Bloomberg Short Term High Yield Bond ETF stock traded down $0.21 during midday trading on Tuesday, reaching $24.71. The company’s stock had a trading volume of 3,490,222 shares, compared to its average volume of 3,208,689. The stock’s 50-day simple moving average is $24.89 and its 200-day simple moving average is $25.00. SPDR Bloomberg Short Term High Yield Bond ETF has a 52-week low of $24.70 and a 52-week high of $25.65. The stock has a market capitalization of $4.73 billion, a P/E ratio of 0.90 and a beta of 0.29.

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

Several hedge funds and other institutional investors have recently modified their holdings of SJNK. TD Private Client Wealth LLC lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 20.6% during the fourth quarter. TD Private Client Wealth LLC now owns 231,614 shares of the company’s stock worth $5,864,000 after buying an additional 39,566 shares during the period. Sage Investment Advisers LLC acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 4th quarter valued at $1,649,000. Win Advisors Inc. acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 4th quarter valued at $875,000. TradeWell Securities LLC. purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the 4th quarter worth $917,000. Finally, Ameritas Advisory Services LLC raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 4,013.4% in the 4th quarter. Ameritas Advisory Services LLC now owns 31,879 shares of the company’s stock worth $807,000 after acquiring an additional 31,104 shares during 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.