SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Sees Significant Growth in Short Interest

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 538,281 shares, an increase of 22.6% from the January 29th total of 439,068 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 4,130,811 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 4,130,811 shares, the short-interest ratio is currently 0.1 days. Currently, 0.3% of the shares of the company are sold short.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 33.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,000,000 shares of the company’s stock valued at $25,000 after purchasing an additional 250,000 shares in the last quarter. Ameriflex Group Inc. boosted its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 440.9% during the third quarter. Ameriflex Group Inc. now owns 1,190 shares of the company’s stock valued at $30,000 after buying an additional 970 shares during the period. City Holding Co. purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter worth about $32,000. Root Financial Partners LLC purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the third quarter worth about $35,000. Finally, Franklin Resources Inc. bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter worth about $36,000.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

Shares of SPDR Bloomberg Short Term High Yield Bond ETF stock traded down $0.06 on Tuesday, reaching $25.05. 5,605,852 shares of the company traded hands, compared to its average volume of 3,881,733. The company has a 50 day moving average of $25.35 and a 200 day moving average of $25.39. SPDR Bloomberg Short Term High Yield Bond ETF has a 52 week low of $23.92 and a 52 week high of $25.65. The firm has a market capitalization of $5.26 billion, a PE ratio of 0.90 and a beta of 0.31.

SPDR Bloomberg Short Term High Yield Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 5th. Investors of record on Monday, March 2nd will be issued a $0.144 dividend. This is an increase from SPDR Bloomberg Short Term High Yield Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) annualized dividend and a yield of 6.9%.

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.