Short Interest in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Increases By 219.1%

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 259,412 shares, a growth of 219.1% from the December 15th total of 81,292 shares. Based on an average trading volume of 500,214 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the company’s shares are sold short. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 500,214 shares, the days-to-cover ratio is presently 0.5 days.

SPDR Portfolio Corporate Bond ETF Stock Down 0.0%

Shares of NYSEARCA:SPBO traded down $0.01 during mid-day trading on Thursday, hitting $29.52. The stock had a trading volume of 18,780 shares, compared to its average volume of 503,842. SPDR Portfolio Corporate Bond ETF has a 12-month low of $27.84 and a 12-month high of $29.93. The company’s 50 day moving average is $29.44 and its 200-day moving average is $29.40.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Advyzon Investment Management LLC acquired a new position in SPDR Portfolio Corporate Bond ETF in the 2nd quarter worth about $363,000. Foundations Investment Advisors LLC grew its stake in shares of SPDR Portfolio Corporate Bond ETF by 83.8% in the 2nd quarter. Foundations Investment Advisors LLC now owns 109,347 shares of the company’s stock valued at $3,195,000 after buying an additional 49,859 shares in the last quarter. Bank of Montreal Can raised its position in SPDR Portfolio Corporate Bond ETF by 30.7% during the second quarter. Bank of Montreal Can now owns 7,333 shares of the company’s stock valued at $214,000 after acquiring an additional 1,722 shares in the last quarter. Summit Financial Wealth Advisors LLC raised its position in SPDR Portfolio Corporate Bond ETF by 15.3% during the third quarter. Summit Financial Wealth Advisors LLC now owns 916,928 shares of the company’s stock valued at $27,141,000 after acquiring an additional 121,857 shares in the last quarter. Finally, Tradewinds Capital Management LLC lifted its stake in SPDR Portfolio Corporate Bond ETF by 64.3% in the third quarter. Tradewinds Capital Management LLC now owns 127,759 shares of the company’s stock valued at $3,786,000 after acquiring an additional 50,004 shares during the last quarter.

About SPDR Portfolio Corporate Bond ETF

The SPDR Portfolio Corporate Bond ETF (SPBO) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals. SPBO was launched on Apr 6, 2011 and is managed by State Street.