SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Short Interest Update

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 962,899 shares, a decline of 25.8% from the December 31st total of 1,297,010 shares. Based on an average daily trading volume, of 3,827,019 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the shares of the stock are sold short. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,827,019 shares, the short-interest ratio is presently 0.3 days.

SPDR Bloomberg Short Term High Yield Bond ETF Trading Down 0.1%

SJNK stock traded down $0.04 during trading hours on Tuesday, hitting $25.27. 9,453,823 shares of the stock traded hands, compared to its average volume of 3,571,346. The stock has a 50-day simple moving average of $25.37 and a 200 day simple moving average of $25.41. The company has a market cap of $5.31 billion, a P/E ratio of 0.90 and a beta of 0.31. SPDR Bloomberg Short Term High Yield Bond ETF has a one year low of $23.92 and a one year high of $25.65.

SPDR Bloomberg Short Term High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd will be paid a $0.1397 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 6.6%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SJNK. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 33.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,000,000 shares of the company’s stock worth $25,000 after acquiring an additional 250,000 shares in the last quarter. Ameriflex Group Inc. lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 440.9% during the third quarter. Ameriflex Group Inc. now owns 1,190 shares of the company’s stock valued at $30,000 after purchasing an additional 970 shares during the last quarter. City Holding Co. acquired a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 4th quarter valued at $32,000. Root Financial Partners LLC purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the 3rd quarter worth about $35,000. Finally, Franklin Resources Inc. acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the 2nd quarter worth about $36,000.

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.