SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Reaches New 52-Week Low – Time to Sell?

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $24.72 and last traded at $24.73, with a volume of 2987508 shares traded. The stock had previously closed at $24.92.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Performance

The firm’s 50 day moving average price is $24.88 and its two-hundred day moving average price is $24.99. The firm has a market cap of $4.73 billion, a PE ratio of 0.90 and a beta of 0.29.

Institutional Trading of SPDR Bloomberg Short Term High Yield Bond ETF

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

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.