SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Sets New 12-Month Low – Should You Sell?

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) hit a new 52-week low during trading on Wednesday . The stock traded as low as $24.53 and last traded at $24.5350, with a volume of 1069925 shares trading hands. The stock had previously closed at $24.64.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 0.6%

The stock has a market capitalization of $4.68 billion, a P/E ratio of 0.90 and a beta of 0.29. The stock has a 50 day simple moving average of $24.79 and a two-hundred day simple moving average of $24.93.

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

Institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 1.2% during the 2nd quarter. Tidal Investments LLC now owns 116,673 shares of the company’s stock worth $2,904,000 after buying an additional 1,367 shares during the period. Capital Analysts LLC raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 13.6% in the 2nd quarter. Capital Analysts LLC now owns 4,304 shares of the company’s stock valued at $108,000 after acquiring an additional 516 shares during the period. Integrated Wealth Concepts LLC lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 14.0% during the second quarter. Integrated Wealth Concepts LLC now owns 61,029 shares of the company’s stock worth $1,528,000 after acquiring an additional 7,484 shares during the last quarter. NewEdge Advisors LLC lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 28.7% during the second 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 during the last quarter. Finally, BayBridge Capital Group LLC boosted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 22.0% during the second quarter. BayBridge Capital Group LLC now owns 196,703 shares of the company’s stock worth $4,923,000 after acquiring an additional 35,523 shares during the period.

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.