SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Sees Large Volume Increase – Here’s Why

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) saw unusually-high trading volume on Friday . Approximately 6,148,895 shares traded hands during mid-day trading, an increase of 81% from the previous session’s volume of 3,388,792 shares.The stock last traded at $24.43 and had previously closed at $24.79.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

The business has a fifty day moving average of $25.39 and a 200-day moving average of $25.45. The stock has a market cap of $4.70 billion, a PE ratio of 0.91 and a beta of 0.37.

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

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the 3rd quarter valued at about $138,000. Captrust Financial Advisors grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 7.2% during the third quarter. Captrust Financial Advisors now owns 10,404 shares of the company’s stock worth $268,000 after purchasing an additional 698 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 102.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 51,661 shares of the company’s stock worth $1,330,000 after purchasing an additional 26,142 shares during the last quarter. iA Global Asset Management Inc. raised its position in SPDR Bloomberg Short Term High Yield Bond ETF by 24.1% during the 3rd quarter. iA Global Asset Management Inc. now owns 1,554,800 shares of the company’s stock worth $40,036,000 after buying an additional 302,100 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 21.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 73,776 shares of the company’s stock valued at $1,900,000 after buying an additional 13,074 shares during the period.

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.