The SPDR Barclays Capital High Yield Bnd ETF (NYSE:JNK) Sees Significant Decline in Short Interest

The SPDR Barclays Capital High Yield Bnd ETF (NYSE:JNK) Sees Significant Decline in Short Interest

SPDR Barclays Capital High Yield Bnd ETF (NYSE:JNK) traded up 0.05% during midday trading on Wednesday, hitting $37.32. The company had a trading volume of 4,717,244 shares. SPDR Barclays Capital High Yield Bnd ETF has a 52-week low of $35.05 and a 52-week high of $37.46. The stock’s 50-day moving average price is $37.16 and its 200-day moving average price is $36.98.

SPDR Barclays Capital High Yield Bnd ETF (NYSE:JNK) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 36,684,371 shares, a drop of 7.0% from the May 31st total of 39,453,518 shares. Based on an average daily volume of 7,852,766 shares, the days-to-cover ratio is currently 4.7 days.

The business also recently announced a monthly dividend, which will be paid on Wednesday, August 9th. Investors of record on Thursday, August 3rd will be paid a $0.1634 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date is Tuesday, August 1st.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Chicago Partners Investment Group LLC acquired a new position in shares of SPDR Barclays Capital High Yield Bnd ETF during the second quarter valued at $112,000. Ruggie Capital Group acquired a new position in shares of SPDR Barclays Capital High Yield Bnd ETF during the second quarter valued at $132,000. National Planning Corp increased its position in shares of SPDR Barclays Capital High Yield Bnd ETF by 6.0% in the second quarter. National Planning Corp now owns 12,087 shares of the exchange traded fund’s stock valued at $447,000 after buying an additional 689 shares during the period. NGAM Advisors L.P. increased its position in shares of SPDR Barclays Capital High Yield Bnd ETF by 0.8% in the second quarter. NGAM Advisors L.P. now owns 12,144 shares of the exchange traded fund’s stock valued at $452,000 after buying an additional 98 shares during the period. Finally, Rockland Trust Co. increased its position in shares of SPDR Barclays Capital High Yield Bnd ETF by 59.0% in the second quarter. Rockland Trust Co. now owns 15,756 shares of the exchange traded fund’s stock valued at $586,000 after buying an additional 5,845 shares during the period.

SPDR Barclays Capital High Yield Bnd ETF Company Profile

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.

Related posts

Leave a Comment