SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) Sees Strong Trading Volume – Time to Buy?

Shares of SPDR Bloomberg Short Term High Yield Bond ETF (NYSEARCA:SJNK) saw unusually-strong trading volume on Friday . Approximately 4,074,382 shares traded hands during trading, an increase of 11% from the previous session’s volume of 3,663,224 shares.The stock last traded at $25.56 and had previously closed at $25.53.

SPDR Bloomberg Short Term High Yield Bond ETF Stock Up 0.1 %

The firm has a market cap of $4.70 billion, a PE ratio of 0.91 and a beta of 0.26. The company has a 50-day simple moving average of $25.55 and a two-hundred day simple moving average of $25.26.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Private Trust Co. NA increased its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 98.3% in the third quarter. Private Trust Co. NA now owns 1,878 shares of the company’s stock worth $48,000 after buying an additional 931 shares during the period. BNP Paribas Financial Markets bought a new position in SPDR Bloomberg Short Term High Yield Bond ETF during the 3rd quarter valued at approximately $138,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of SPDR Bloomberg Short Term High Yield Bond ETF in the 2nd quarter worth about $152,000. Captrust Financial Advisors increased its position in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 7.2% during the third quarter. Captrust Financial Advisors now owns 10,404 shares of the company’s stock valued at $268,000 after acquiring an additional 698 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its stake in shares of SPDR Bloomberg Short Term High Yield Bond ETF by 6.4% in the second quarter. Nations Financial Group Inc. IA ADV now owns 14,530 shares of the company’s stock worth $363,000 after purchasing an additional 880 shares during the last quarter.

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.