SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Sets New 12-Month Low – Should You Sell?

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) shares reached a new 52-week low on Monday. The stock traded as low as $23.99 and last traded at $23.9950, with a volume of 6,683,297 shares traded. The stock had previously closed at $24.16.

SPDR Bloomberg Short Term High Yield Bond ETF Trading Down 0.7%

The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 0.90 and a beta of 0.30. The stock has a fifty day moving average of $24.43 and a 200-day moving average of $24.90.

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

A number of hedge funds and other institutional investors have recently modified their holdings of SJNK. NewEdge Advisors LLC grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 28.7% during the 2nd quarter. NewEdge Advisors LLC now owns 310,422 shares of the company’s stock valued at $7,770,000 after acquiring an additional 69,152 shares in the last quarter. Moulton Wealth Management Inc. raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 32.7% during the second quarter. Moulton Wealth Management Inc. now owns 245,850 shares of the company’s stock worth $6,119,000 after acquiring an additional 60,542 shares in the last quarter. Mason & Associates Inc raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 7.4% during the first quarter. Mason & Associates Inc now owns 630,741 shares of the company’s stock worth $15,636,000 after acquiring an additional 43,313 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth $1,110,000. Finally, XP Advisory US Inc. acquired a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter valued at $1,275,000.

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.