SPDR Bloomberg Barclays High Yield Bond ETF (JNK) Sees Large Increase in Short Interest

SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 65,124,129 shares, an increase of 8.3% from the September 28th total of 60,151,275 shares. Based on an average daily volume of 19,315,927 shares, the days-to-cover ratio is presently 3.4 days.

Shares of NYSEARCA JNK opened at $35.16 on Thursday. SPDR Bloomberg Barclays High Yield Bond ETF has a 52-week low of $35.01 and a 52-week high of $37.25.

The business also recently announced a monthly dividend, which was paid on Friday, October 5th. Stockholders of record on Tuesday, October 2nd were given a $0.1751 dividend. This is a positive change from SPDR Bloomberg Barclays High Yield Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Monday, October 1st. This represents a $2.10 annualized dividend and a dividend yield of 5.98%.



Several hedge funds and other institutional investors have recently made changes to their positions in JNK. Cahill Financial Advisors Inc. lifted its stake in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 6.9% in the second quarter. Cahill Financial Advisors Inc. now owns 22,038 shares of the exchange traded fund’s stock worth $782,000 after buying an additional 1,418 shares in the last quarter. Tompkins Financial Corp lifted its stake in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 51.9% in the second quarter. Tompkins Financial Corp now owns 4,346 shares of the exchange traded fund’s stock worth $154,000 after buying an additional 1,485 shares in the last quarter. Richard Bernstein Advisors LLC lifted its stake in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 15.4% in the second quarter. Richard Bernstein Advisors LLC now owns 11,909 shares of the exchange traded fund’s stock worth $423,000 after buying an additional 1,590 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 7.4% in the second quarter. Bessemer Group Inc. now owns 23,073 shares of the exchange traded fund’s stock worth $819,000 after buying an additional 1,595 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its stake in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 10.6% in the second quarter. Nations Financial Group Inc. IA ADV now owns 17,568 shares of the exchange traded fund’s stock worth $623,000 after buying an additional 1,688 shares in the last quarter.

About SPDR Bloomberg Barclays High Yield Bond 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.

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