Short Interest in SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Increases By 47.5%

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

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

SPDR Bloomberg Short Term High Yield Bond ETF stock traded up $0.01 during trading hours on Wednesday, reaching $24.71. The stock had a trading volume of 1,578,217 shares, compared to its average volume of 3,201,664. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29. The business’s 50 day moving average price is $24.89 and its 200-day moving average price is $25.00. SPDR Bloomberg Short Term High Yield Bond ETF has a 52 week low of $24.69 and a 52 week high of $25.65.

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

Several hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 649,964.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,294,726 shares of the company’s stock worth $58,102,000 after purchasing an additional 2,294,373 shares during the period. iA Global Asset Management Inc. lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 40.5% in the 4th quarter. iA Global Asset Management Inc. now owns 7,069,236 shares of the company’s stock valued at $178,993,000 after buying an additional 2,037,400 shares during the period. Wealthfront Advisers LLC lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 46.5% in the 1st quarter. Wealthfront Advisers LLC now owns 5,365,286 shares of the company’s stock valued at $134,025,000 after buying an additional 1,703,692 shares during the period. Shenkman Capital Management Inc. boosted its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 381.0% in the fourth quarter. Shenkman Capital Management Inc. now owns 1,443,140 shares of the company’s stock worth $37,539,000 after buying an additional 1,143,095 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the fourth quarter worth about $12,512,000.

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.