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

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) saw unusually-high trading volume on Friday . Approximately 4,074,382 shares were traded during trading, an increase of 11% from the previous session’s volume of 3,663,224 shares.The stock last traded at $25.56 and had previously closed at $25.53.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 0.91 and a beta of 0.26. The business has a fifty day moving average of $25.55 and a 200 day moving average of $25.26.

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

Large investors have recently modified their holdings of the business. Private Trust Co. NA grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 98.3% during the 3rd quarter. Private Trust Co. NA now owns 1,878 shares of the company’s stock worth $48,000 after purchasing an additional 931 shares during the period. BNP Paribas Financial Markets acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the third quarter valued at about $138,000. Ashton Thomas Private Wealth LLC acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the second quarter valued at about $152,000. Captrust Financial Advisors boosted its stake in 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 buying an additional 698 shares during the period. Finally, Nations Financial Group Inc. IA ADV increased its position in shares of 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 valued at $363,000 after acquiring an additional 880 shares during 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.