SPDR Barclays Capital High Yield Bnd ETF (NYSE:JNK) was the target of a large growth in short interest in the month of January. As of January 13th, there was short interest totalling 32,629,709 shares, a growth of 13.3% from the December 30th total of 28,787,786 shares. Based on an average daily volume of 11,003,312 shares, the days-to-cover ratio is presently 3.0 days.
SPDR Barclays Capital High Yield Bnd ETF (NYSE:JNK) opened at 37.00 on Monday. The company has a 50 day moving average price of $36.63 and a 200 day moving average price of $36.37. SPDR Barclays Capital High Yield Bnd ETF has a 12 month low of $31.27 and a 12 month high of $37.01.
The company also recently announced a monthly dividend, which was paid on Friday, January 6th. Shareholders of record on Friday, December 30th were given a $0.1815 dividend. The ex-dividend date was Wednesday, December 28th. This represents a $2.18 annualized dividend and a yield of 5.89%.
About SPDR Barclays Capital High Yield Bnd ETF
SPDR Barclays High Yield Bond ETF (the Fund), formerly SPDR Barclays Capital High Yield Bond ETF, seeks to provide investment results that correspond to the price and yield performance of the Barclays Capital High Yield Very Liquid Index (the Index). The Index includes publicly issued United States dollar denominated, non-investment grade, fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year, regardless of optionality, are rated high-yield using the middle rating of Moody’s, S&P, and Fitch, respectively, and have $600 million or more of outstanding face value.