SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Sees Large Volume Increase – Still a Buy?

SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) shares saw an uptick in trading volume on Friday . 2,641,794 shares traded hands during trading, a decline of 21% from the previous session’s volume of 3,357,760 shares.The stock last traded at $25.58 and had previously closed at $25.57.

SPDR Bloomberg Short Term High Yield Bond ETF Price Performance

The company has a 50-day simple moving average of $25.43 and a two-hundred day simple moving average of $25.40. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 0.91 and a beta of 0.26.

Institutional Trading of SPDR Bloomberg Short Term High Yield Bond ETF

Large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP bought a new stake in SPDR Bloomberg Short Term High Yield Bond ETF during the second quarter worth approximately $3,099,000. NBC Securities Inc. grew its position in SPDR Bloomberg Short Term High Yield Bond ETF by 10.8% in the third quarter. NBC Securities Inc. now owns 19,613 shares of the company’s stock worth $505,000 after buying an additional 1,915 shares during the last quarter. Great Lakes Retirement Inc. boosted its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 3.8% in the 3rd quarter. Great Lakes Retirement Inc. now owns 296,061 shares of the company’s stock valued at $7,624,000 after purchasing an additional 10,917 shares during the period. Bogart Wealth LLC raised its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 7.4% during the third quarter. Bogart Wealth LLC now owns 72,836 shares of the company’s stock valued at $1,876,000 after acquiring an additional 5,007 shares during the period. Finally, Arkadios Wealth Advisors grew its holdings in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 5.7% during the third quarter. Arkadios Wealth Advisors now owns 17,188 shares of the company’s stock valued at $443,000 after buying an additional 923 shares in the last quarter.

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.