SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) Sees Unusually-High Trading Volume – Should You Buy?

SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) shares saw strong trading volume on Thursday . 1,587,741 shares were traded during mid-day trading, an increase of 373% from the previous session’s volume of 335,731 shares.The stock last traded at $21.4550 and had previously closed at $21.46.

SPDR Bloomberg Emerging Markets Local Bond ETF Stock Down 0.1%

The stock’s 50 day simple moving average is $21.31 and its two-hundred day simple moving average is $21.29.

Hedge Funds Weigh In On SPDR Bloomberg Emerging Markets Local Bond ETF

A number of large investors have recently modified their holdings of EBND. MeadowBrook Investment Advisors LLC bought a new position in shares of SPDR Bloomberg Emerging Markets Local Bond ETF in the 2nd quarter valued at about $25,000. Thompson Investment Management Inc. bought a new position in SPDR Bloomberg Emerging Markets Local Bond ETF during the third quarter worth about $25,000. Triumph Capital Management bought a new position in SPDR Bloomberg Emerging Markets Local Bond ETF during the third quarter worth about $33,000. Howe & Rusling Inc. raised its stake in SPDR Bloomberg Emerging Markets Local Bond ETF by 1,738.6% in the second quarter. Howe & Rusling Inc. now owns 1,618 shares of the company’s stock valued at $35,000 after buying an additional 1,530 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in SPDR Bloomberg Emerging Markets Local Bond ETF by 279.4% in the first quarter. Jones Financial Companies Lllp now owns 1,859 shares of the company’s stock valued at $37,000 after buying an additional 1,369 shares during the period.

About SPDR Bloomberg Emerging Markets Local Bond ETF

SPDR Barclays Emerging Markets Local Bond ETF (Fund) seeks to provide investment results that correspond to the price and yield performance of the Index that tracks the fixed-rate local currency sovereign debt of emerging market countries. The Index is designed to measure the performance of the fixed-rate local currency sovereign debt of emerging market countries. The Index includes government bonds issued by countries outside the United States, in local currencies, that have a remaining maturity of one year or more and are rated B3/B-/B- or higher using the middle rating of Moody’s Investor Service, Inc, Standard & Poor’s, Inc and Fitch Inc SSgA Funds Management, Inc serves as the investment adviser to the Fund.