SPDR Bloomberg Barclays High Yield Bond ETF (JNK) Short Interest Down 19.8% in March

SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) saw a large decrease in short interest in March. As of March 29th, there was short interest totalling 35,428,648 shares, a decrease of 19.8% from the March 15th total of 44,189,798 shares. Based on an average daily trading volume, of 14,721,980 shares, the days-to-cover ratio is currently 2.4 days.

SPDR Bloomberg Barclays High Yield Bond ETF stock opened at $36.19 on Wednesday. SPDR Bloomberg Barclays High Yield Bond ETF has a 52-week low of $32.92 and a 52-week high of $36.32.

SPDR Bloomberg Barclays High Yield Bond ETF’s stock is set to reverse split before the market opens on Monday, May 6th. The 1-3 reverse split was announced on Wednesday, March 13th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, May 3rd.

The company also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a $0.1687 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend was Monday, April 1st.

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in SPDR Bloomberg Barclays High Yield Bond ETF by 18.0% in the third quarter. JPMorgan Chase & Co. now owns 6,143,289 shares of the exchange traded fund’s stock worth $221,466,000 after acquiring an additional 938,559 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 376,424 shares of the exchange traded fund’s stock valued at $13,570,000 after purchasing an additional 7,198 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 299.4% in the third quarter. BlackRock Inc. now owns 5,523,413 shares of the exchange traded fund’s stock valued at $199,119,000 after purchasing an additional 4,140,423 shares in the last quarter. FMR LLC lifted its holdings in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 76.8% in the third quarter. FMR LLC now owns 15,012 shares of the exchange traded fund’s stock valued at $541,000 after purchasing an additional 6,522 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF in the third quarter valued at approximately $259,000.

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SPDR Bloomberg Barclays High Yield Bond 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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