SPDR Series Trust (SJNK) Short Interest Down 58.8% in March

SPDR Series Trust (NYSEARCA:SJNK) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 474,544 shares, a decrease of 58.8% from the February 28th total of 1,151,466 shares. Based on an average trading volume of 1,536,290 shares, the days-to-cover ratio is currently 0.3 days.

A number of institutional investors have recently added to or reduced their stakes in SJNK. Cardan Capital Partners LLC raised its stake in SPDR Series Trust by 2.2% during the fourth quarter. Cardan Capital Partners LLC now owns 140,138 shares of the company’s stock valued at $3,862,000 after purchasing an additional 3,019 shares in the last quarter. Atria Investments LLC raised its stake in shares of SPDR Series Trust by 8.1% in the fourth quarter. Atria Investments LLC now owns 75,901 shares of the company’s stock valued at $2,092,000 after acquiring an additional 5,709 shares during the period. Coastline Trust Co raised its stake in shares of SPDR Series Trust by 4.0% in the fourth quarter. Coastline Trust Co now owns 99,785 shares of the company’s stock valued at $2,750,000 after acquiring an additional 3,830 shares during the period. Longfellow Investment Management Co. LLC raised its stake in shares of SPDR Series Trust by 5.1% in the fourth quarter. Longfellow Investment Management Co. LLC now owns 161,700 shares of the company’s stock valued at $4,457,000 after acquiring an additional 7,800 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of SPDR Series Trust by 50.3% in the fourth quarter. SG Americas Securities LLC now owns 29,865 shares of the company’s stock valued at $823,000 after acquiring an additional 10,000 shares during the period.

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Shares of NYSEARCA:SJNK opened at $27.26 on Thursday. SPDR Series Trust has a fifty-two week low of $26.94 and a fifty-two week high of $28.15.

The firm also recently declared a monthly dividend, which will be paid on Friday, April 6th. Investors of record on Tuesday, April 3rd will be paid a dividend of $0.1021 per share. This represents a $1.23 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Monday, April 2nd.

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