SPDR Barclays Capital High Yield Bnd ETF (JNK) Short Interest Up 15.0% in October

SPDR Barclays Capital High Yield Bnd ETF (NYSE:JNK) was the recipient of a significant growth in short interest in the month of October. As of October 13th, there was short interest totalling 40,576,334 shares, a growth of 15.0% from the September 29th total of 35,294,064 shares. Based on an average trading volume of 5,507,733 shares, the days-to-cover ratio is presently 7.4 days.

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. raised its position in SPDR Barclays Capital High Yield Bnd ETF by 6.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 390,545 shares of the exchange traded fund’s stock valued at $14,575,000 after purchasing an additional 22,736 shares during the last quarter. Calamos Advisors LLC purchased a new stake in SPDR Barclays Capital High Yield Bnd ETF in the 3rd quarter valued at $26,274,000. Rehmann Capital Advisory Group raised its position in SPDR Barclays Capital High Yield Bnd ETF by 13.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 14,499 shares of the exchange traded fund’s stock valued at $541,000 after purchasing an additional 1,663 shares during the last quarter. Pinnacle Advisory Group Inc. raised its position in SPDR Barclays Capital High Yield Bnd ETF by 6.4% in the 3rd quarter. Pinnacle Advisory Group Inc. now owns 28,719 shares of the exchange traded fund’s stock valued at $1,072,000 after purchasing an additional 1,734 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in SPDR Barclays Capital High Yield Bnd ETF in the 3rd quarter valued at $105,000.

Shares of SPDR Barclays Capital High Yield Bnd ETF (JNK) opened at 37.23 on Friday. The stock has a 50 day moving average of $37.20 and a 200-day moving average of $37.12. SPDR Barclays Capital High Yield Bnd ETF has a 1-year low of $35.05 and a 1-year high of $37.46.

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 10th. Investors of record on Tuesday, October 3rd were given a $0.1566 dividend. The ex-dividend date of this dividend was Monday, October 2nd. This represents a $1.88 annualized dividend and a yield of 5.05%.

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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.

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