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 significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 1,419,451 shares, a decline of 35.7% from the August 31st total of 2,207,893 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 2,513,734 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Capital Analysts LLC increased 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 worth $108,000 after acquiring an additional 516 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2.4% in the first quarter. Sequoia Financial Advisors LLC now owns 24,667 shares of the company’s stock worth $616,000 after purchasing an additional 575 shares during the period. Royal Fund Management LLC boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 10.9% in the first quarter. Royal Fund Management LLC now owns 10,134 shares of the company’s stock worth $253,000 after purchasing an additional 993 shares during the period. AMG National Trust Bank increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 2.0% in the first quarter. AMG National Trust Bank now owns 50,440 shares of the company’s stock worth $1,260,000 after purchasing an additional 1,001 shares in the last quarter. Finally, Cumberland Partners Ltd increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 11.6% in the first quarter. Cumberland Partners Ltd now owns 9,873 shares of the company’s stock worth $247,000 after purchasing an additional 1,030 shares in the last quarter.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

NYSEARCA:SJNK opened at $24.25 on Thursday. The stock has a 50-day simple moving average of $24.73 and a two-hundred day simple moving average of $24.91. SPDR Bloomberg Short Term High Yield Bond ETF has a 52-week low of $24.24 and a 52-week high of $25.58. The firm has a market capitalization of $4.61 billion, a PE ratio of 0.90 and a beta of 0.29.

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.