SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Short Interest Update

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 27,591 shares, a growth of 594.6% from the April 30th total of 3,972 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 96,742 shares, the short-interest ratio is presently 0.3 days.

SPDR SSgA Ultra Short Term Bond ETF Stock Performance

Shares of ULST stock remained flat at $40.47 during trading on Thursday. 26,285 shares of the company were exchanged, compared to its average volume of 138,669. The company has a fifty day simple moving average of $40.43 and a 200-day simple moving average of $40.51. SPDR SSgA Ultra Short Term Bond ETF has a 52-week low of $40.20 and a 52-week high of $40.72.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. CWM LLC lifted its stake in SPDR SSgA Ultra Short Term Bond ETF by 6.8% in the fourth quarter. CWM LLC now owns 3,802,612 shares of the company’s stock worth $154,025,000 after acquiring an additional 240,602 shares during the last quarter. PTM Wealth Management LLC lifted its stake in SPDR SSgA Ultra Short Term Bond ETF by 6.5% in the fourth quarter. PTM Wealth Management LLC now owns 702,470 shares of the company’s stock worth $28,468,000 after acquiring an additional 42,606 shares during the last quarter. BIP Wealth LLC lifted its stake in SPDR SSgA Ultra Short Term Bond ETF by 3.7% in the first quarter. BIP Wealth LLC now owns 588,178 shares of the company’s stock worth $23,821,000 after acquiring an additional 21,195 shares during the last quarter. Bank of America Corp DE lifted its stake in SPDR SSgA Ultra Short Term Bond ETF by 6.5% in the first quarter. Bank of America Corp DE now owns 277,650 shares of the company’s stock worth $11,245,000 after acquiring an additional 16,998 shares during the last quarter. Finally, ORBA Wealth Advisors L.L.C. lifted its stake in SPDR SSgA Ultra Short Term Bond ETF by 26.0% in the fourth quarter. ORBA Wealth Advisors L.L.C. now owns 182,305 shares of the company’s stock worth $7,384,000 after acquiring an additional 37,613 shares during the last quarter.

About SPDR SSgA Ultra Short Term Bond ETF

The SPDR SSgA Ultra Short Term Bond ETF (ULST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months. ULST was launched on Oct 9, 2013 and is managed by State Street.