SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Reaches New 1-Year Low – Here’s Why

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) reached a new 52-week low during trading on Wednesday . The company traded as low as $24.69 and last traded at $24.6950, with a volume of 91592 shares trading hands. The stock had previously closed at $24.70.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

The company’s 50-day moving average is $24.86 and its 200-day moving average is $24.98. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 0.90 and a beta of 0.29.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Capital Analysts LLC boosted its holdings in SPDR Bloomberg Short Term High Yield Bond ETF by 13.6% in the second quarter. Capital Analysts LLC now owns 4,304 shares of the company’s stock valued at $108,000 after acquiring an additional 516 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 14.0% during the second quarter. Integrated Wealth Concepts LLC now owns 61,029 shares of the company’s stock worth $1,528,000 after acquiring an additional 7,484 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 28.7% in the 2nd quarter. NewEdge Advisors LLC now owns 310,422 shares of the company’s stock worth $7,770,000 after purchasing an additional 69,152 shares during the period. BayBridge Capital Group LLC raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 22.0% in the 2nd quarter. BayBridge Capital Group LLC now owns 196,703 shares of the company’s stock worth $4,923,000 after purchasing an additional 35,523 shares during the period. Finally, Tucker Asset Management LLC purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter worth about $74,000.

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.