Short Interest in SPDR Bloomberg Barclays High Yield Bond ETF (JNK) Increases By 23.4%

SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 80,360,546 shares, an increase of 23.4% from the October 15th total of 65,132,129 shares. Based on an average daily volume of 13,984,518 shares, the days-to-cover ratio is currently 5.7 days.

Hedge funds have recently modified their holdings of the stock. Polaris Greystone Financial Group LLC raised its holdings in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 169.0% in the third quarter. Polaris Greystone Financial Group LLC now owns 2,881 shares of the exchange traded fund’s stock worth $104,000 after acquiring an additional 1,810 shares during the last quarter. Bedel Financial Consulting Inc. raised its holdings in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 111.9% in the third quarter. Bedel Financial Consulting Inc. now owns 3,941 shares of the exchange traded fund’s stock worth $140,000 after acquiring an additional 2,081 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF in the second quarter worth $144,000. Ruggie Capital Group acquired a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF in the second quarter worth $148,000. Finally, Tompkins Financial Corp raised its holdings 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 acquiring an additional 1,485 shares during the last quarter.

Shares of JNK stock opened at $35.14 on Friday. SPDR Bloomberg Barclays High Yield Bond ETF has a 1 year low of $35.01 and a 1 year high of $37.05.

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 7th. Investors of record on Friday, November 2nd were issued a dividend of $0.1688 per share. The ex-dividend date was Thursday, November 1st. This represents a $2.03 annualized dividend and a yield of 5.77%.

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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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