SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Sees Unusually-High Trading Volume – What’s Next?

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) saw an uptick in trading volume on Wednesday . 4,839,453 shares changed hands during trading, an increase of 43% from the previous session’s volume of 3,388,892 shares.The stock last traded at $24.76 and had previously closed at $24.83.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.2%

The company has a market cap of $4.89 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29. The company’s 50-day moving average is $24.96 and its 200 day moving average is $25.09.

Institutional Trading of SPDR Bloomberg Short Term High Yield Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SJNK. NewEdge Advisors LLC increased its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 1.4% in the 1st quarter. NewEdge Advisors LLC now owns 33,319 shares of the company’s stock valued at $838,000 after purchasing an additional 469 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter valued at $36,000. Peapack Gladstone Financial Corp lifted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 6.1% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 27,510 shares of the company’s stock worth $701,000 after acquiring an additional 1,585 shares in the last quarter. Bank of America Corp DE boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 11.5% during the 2nd quarter. Bank of America Corp DE now owns 2,789,991 shares of the company’s stock valued at $71,089,000 after acquiring an additional 287,647 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 15.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,784 shares of the company’s stock valued at $96,000 after acquiring an additional 519 shares in 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.