SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Stock Short Interest Declines 46.7%

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 757,194 shares, a drop of 46.7% from the September 15th total of 1,419,451 shares. Based on an average trading volume of 4,609,886 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Trading of SPDR Bloomberg Short Term High Yield Bond ETF

Hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 28.7% in the 2nd quarter. NewEdge Advisors LLC now owns 310,422 shares of the company’s stock worth $7,770,000 after acquiring an additional 69,152 shares in the last quarter. Moulton Wealth Management Inc. lifted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 32.7% in the 2nd quarter. Moulton Wealth Management Inc. now owns 245,850 shares of the company’s stock valued at $6,119,000 after purchasing an additional 60,542 shares during the period. WT Wealth Management boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 48.2% during the 1st quarter. WT Wealth Management now owns 85,496 shares of the company’s stock valued at $2,136,000 after purchasing an additional 27,810 shares in the last quarter. Blue Capital Inc. boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 27.6% during the 1st quarter. Blue Capital Inc. now owns 277,606 shares of the company’s stock valued at $6,935,000 after purchasing an additional 60,112 shares in the last quarter. Finally, Mason & Associates Inc boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 7.4% during the 1st quarter. Mason & Associates Inc now owns 630,741 shares of the company’s stock valued at $15,636,000 after purchasing an additional 43,313 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

SJNK stock traded up $0.05 during midday trading on Thursday, reaching $24.15. 3,471,840 shares of the stock were exchanged, compared to its average volume of 3,292,226. The stock has a market capitalization of $4.39 billion, a PE ratio of 0.90 and a beta of 0.30. SPDR Bloomberg Short Term High Yield Bond ETF has a 52 week low of $23.99 and a 52 week high of $25.58. The company has a fifty day moving average price of $24.59 and a 200 day moving average price of $24.85.

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.