SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Sees Strong Trading Volume – Time to Buy?

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) saw unusually-high trading volume on Friday . Approximately 2,499,620 shares were traded during mid-day trading, a decline of 33% from the previous session’s volume of 3,745,363 shares.The stock last traded at $25.39 and had previously closed at $25.48.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 0.91 and a beta of 0.26. The business’s 50 day moving average price is $25.53 and its 200-day moving average price is $25.20.

Institutional Trading of 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. acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth about $31,280,000. AMJ Financial Wealth Management purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter valued at $12,452,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter valued at $10,312,000. Janney Montgomery Scott LLC raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 42.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 392,148 shares of the company’s stock worth $9,890,000 after buying an additional 117,662 shares during the last quarter. Finally, Great Lakes Retirement Inc. boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 3.8% in the 3rd quarter. Great Lakes Retirement Inc. now owns 296,061 shares of the company’s stock worth $7,624,000 after buying an additional 10,917 shares in the last quarter.

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.