SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Hits New 1-Year Low – What’s Next?

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) reached a new 52-week low during mid-day 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 Performance

The stock’s fifty day simple moving average is $25.36 and its 200-day simple moving average is $25.44. The stock has a market cap of $4.71 billion, a P/E 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 SJNK. SouthState Corp acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter worth about $29,000. Ameriflex Group Inc. acquired a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the 4th quarter worth approximately $30,000. BNP Paribas Financial Markets bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF in the third quarter valued at approximately $138,000. ADG Wealth Management Group LLC acquired a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter valued at approximately $202,000. Finally, Cary Street Partners Financial LLC bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the fourth quarter worth $214,000.

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.