SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Sees Large Volume Increase

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) shares saw unusually-strong trading volume on Tuesday . Approximately 3,383,000 shares traded hands during trading, a decline of 11% from the previous session’s volume of 3,816,366 shares.The stock last traded at $25.59 and had previously closed at $25.75.

SPDR Bloomberg Short Term High Yield Bond ETF Trading Down 0.5 %

The company’s 50 day moving average is $25.37 and its 200 day moving average is $25.12. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 0.91 and a beta of 0.26.

Institutional Investors Weigh In On SPDR Bloomberg Short Term High Yield Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Richardson Financial Services Inc. purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter worth about $55,000. Ashton Thomas Private Wealth LLC purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth about $152,000. ARK & TLK Investments LLC purchased a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter worth about $364,000. Nations Financial Group Inc. IA ADV grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 6.4% during the second quarter. Nations Financial Group Inc. IA ADV now owns 14,530 shares of the company’s stock worth $363,000 after buying an additional 880 shares during the period. Finally, Arkadios Wealth Advisors acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth about $406,000.

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.