SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Hits New 12-Month Low – Here’s Why

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) reached a new 52-week low during trading on Saturday . The company traded as low as $24.20 and last traded at $24.37, with a volume of 33494875 shares changing hands. The stock had previously closed at $24.79.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Down 1.7 %

The stock has a market cap of $4.71 billion, a P/E ratio of 0.91 and a beta of 0.37. The stock has a fifty day simple moving average of $25.36 and a 200-day simple moving average of $25.44.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Greatmark Investment Partners Inc. raised its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 6.7% in the fourth quarter. Greatmark Investment Partners Inc. now owns 10,350 shares of the company’s stock worth $261,000 after purchasing an additional 650 shares during the period. Captrust Financial Advisors raised its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 7.2% during the 3rd 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. SouthState Corp bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter worth about $29,000. Ameriflex Group Inc. bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter worth about $30,000. Finally, Gradient Capital Advisors LLC grew its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 10.8% in the fourth quarter. Gradient Capital Advisors LLC now owns 12,452 shares of the company’s stock valued at $314,000 after acquiring an additional 1,211 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.