SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Hits New 12-Month High at $25.52

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $25.52 and last traded at $25.52, with a volume of 191021 shares traded. The stock had previously closed at $25.48.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

The firm has a market capitalization of $4.70 billion, a PE ratio of 0.91 and a beta of 0.26. The stock’s 50-day moving average price is $25.25 and its 200 day moving average price is $25.08.

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

A number of institutional investors have recently modified their holdings of SJNK. iA Global Asset Management Inc. purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth approximately $31,280,000. SAM Advisors LLC increased its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 309.1% during the fourth quarter. SAM Advisors LLC now owns 727,192 shares of the company’s stock valued at $17,320,000 after buying an additional 549,432 shares during the period. AMJ Financial Wealth Management purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at approximately $12,452,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at approximately $10,312,000. Finally, Waterloo Capital L.P. purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter valued at approximately $5,502,000.

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.