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%.
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.
Featured Story: Fundamental Analysis
Receive News & Ratings for SPDR Bloomberg Barclays High Yield Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Bloomberg Barclays High Yield Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.