SPDR Barclays Capital High Yield Bnd ETF (NYSEARCA:JNK) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 51,707,711 shares, a drop of 18.1% from the February 15th total of 63,162,870 shares. Based on an average daily volume of 16,045,534 shares, the days-to-cover ratio is presently 3.2 days.
SPDR Barclays Capital High Yield Bnd ETF stock traded down $0.06 during midday trading on Friday, reaching $35.74. 13,513,086 shares of the company were exchanged, compared to its average volume of 16,550,178. SPDR Barclays Capital High Yield Bnd ETF has a 1 year low of $35.35 and a 1 year high of $37.46.
The business also recently disclosed a monthly dividend, which was paid on Friday, April 6th. Investors of record on Tuesday, April 3rd were given a dividend of $0.1499 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date was Monday, April 2nd.
A number of institutional investors have recently bought and sold shares of JNK. Vigilant Capital Management LLC increased its position in SPDR Barclays Capital High Yield Bnd ETF by 114.7% during the 4th quarter. Vigilant Capital Management LLC now owns 3,006 shares of the exchange traded fund’s stock worth $110,000 after purchasing an additional 1,606 shares in the last quarter. Wagner Wealth Management LLC purchased a new stake in SPDR Barclays Capital High Yield Bnd ETF in the 4th quarter valued at about $157,000. Gemmer Asset Management LLC grew its holdings in SPDR Barclays Capital High Yield Bnd ETF by 62.2% in the 4th quarter. Gemmer Asset Management LLC now owns 4,824 shares of the exchange traded fund’s stock valued at $177,000 after buying an additional 1,849 shares during the period. Resources Investment Advisors Inc. purchased a new stake in SPDR Barclays Capital High Yield Bnd ETF in the 4th quarter valued at about $179,000. Finally, First Heartland Consultants Inc. purchased a new stake in SPDR Barclays Capital High Yield Bnd ETF in the 3rd quarter valued at about $201,000.
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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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