SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Sees Significant Decrease in Short Interest

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 3,039,137 shares, a drop of 27.7% from the December 31st total of 4,202,682 shares. Based on an average daily trading volume, of 7,402,862 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.0% of the shares of the company are sold short. Approximately 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 7,402,862 shares, the days-to-cover ratio is presently 0.4 days.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Up 0.1%

Shares of SPIB stock traded up $0.02 during trading hours on Friday, reaching $33.91. 5,372,806 shares of the company’s stock were exchanged, compared to its average volume of 6,834,335. SPDR Portfolio Intermediate Term Corporate Bond ETF has a fifty-two week low of $32.38 and a fifty-two week high of $34.08. The business has a fifty day moving average price of $33.85 and a 200-day moving average price of $33.80.

Hedge Funds Weigh In On SPDR Portfolio Intermediate Term Corporate Bond ETF

Hedge funds have recently made changes to their positions in the business. Triumph Capital Management acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC bought a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the third quarter worth $29,000. First Community Trust NA acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the third quarter worth $32,000. Twin Peaks Wealth Advisors LLC bought a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter valued at $34,000. Finally, WFA of San Diego LLC acquired a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter valued at $40,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, fixed-rate taxable US corporate bonds with a maturity of at least one year, but no more than 10 years. SPIB was launched on Feb 10, 2009 and is managed by State Street.