SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Reaches New 52-Week Low – Here’s What Happened

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK)’s share price hit a new 52-week low on Saturday . The stock traded as low as $24.20 and last traded at $24.37, with a volume of 33494875 shares. The stock had previously closed at $24.79.

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

The firm’s 50 day simple moving average is $25.36 and its two-hundred day simple moving average is $25.44. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 0.91 and a beta of 0.37.

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

Several institutional investors have recently made changes to their positions in the stock. Greatmark Investment Partners Inc. increased its stake in SPDR Bloomberg Short Term High Yield Bond ETF by 6.7% during the 4th quarter. Greatmark Investment Partners Inc. now owns 10,350 shares of the company’s stock worth $261,000 after acquiring an additional 650 shares during the period. Captrust Financial Advisors grew its holdings in shares of 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 purchasing an additional 698 shares in the last quarter. SouthState Corp bought a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the fourth quarter worth $29,000. Ameriflex Group Inc. acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the fourth quarter valued at about $30,000. Finally, Gradient Capital Advisors LLC lifted its position in SPDR Bloomberg Short Term High Yield Bond ETF by 10.8% during the fourth quarter. Gradient Capital Advisors LLC now owns 12,452 shares of the company’s stock worth $314,000 after purchasing an additional 1,211 shares during the period.

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.