SPDR Barclays Capital High Yield Bnd ETF (JNK) Sees Large Increase in Short Interest

SPDR Barclays Capital High Yield Bnd ETF (NYSEARCA:JNK) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 39,384,338 shares, an increase of 18.4% from the January 12th total of 33,269,427 shares. Based on an average trading volume of 14,168,957 shares, the days-to-cover ratio is currently 2.8 days.

Shares of SPDR Barclays Capital High Yield Bnd ETF (NYSEARCA JNK) opened at $35.92 on Tuesday. SPDR Barclays Capital High Yield Bnd ETF has a 12 month low of $35.35 and a 12 month high of $37.46.

The company also recently announced a monthly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Friday, February 2nd were paid a $0.1605 dividend. This represents a $1.93 annualized dividend and a dividend yield of 5.36%. The ex-dividend date of this dividend was Thursday, February 1st.

Several institutional investors and hedge funds have recently made changes to their positions in JNK. Wells Fargo & Company MN grew its holdings in shares of SPDR Barclays Capital High Yield Bnd ETF by 3.5% in the fourth quarter. Wells Fargo & Company MN now owns 16,266,505 shares of the exchange traded fund’s stock worth $597,306,000 after purchasing an additional 551,569 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of SPDR Barclays Capital High Yield Bnd ETF by 8.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 15,090,442 shares of the exchange traded fund’s stock worth $554,121,000 after purchasing an additional 1,178,768 shares during the last quarter. BTS Asset Management Inc. grew its holdings in shares of SPDR Barclays Capital High Yield Bnd ETF by 12.0% in the third quarter. BTS Asset Management Inc. now owns 10,887,391 shares of the exchange traded fund’s stock worth $404,700,000 after purchasing an additional 1,168,737 shares during the last quarter. Assetmark Inc. grew its holdings in shares of SPDR Barclays Capital High Yield Bnd ETF by 17.5% in the third quarter. Assetmark Inc. now owns 8,105,030 shares of the exchange traded fund’s stock worth $302,479,000 after purchasing an additional 1,207,945 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of SPDR Barclays Capital High Yield Bnd ETF in the third quarter worth about $223,920,000.

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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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