SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Short Interest Down 92.1% in May

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 2,185 shares, a drop of 92.1% from the May 14th total of 27,591 shares. Based on an average daily volume of 248,317 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

SPDR SSgA Ultra Short Term Bond ETF Stock Performance

Shares of SPDR SSgA Ultra Short Term Bond ETF stock traded up $0.01 during trading on Tuesday, reaching $40.35. The stock had a trading volume of 39,797 shares, compared to its average volume of 132,477. The stock has a fifty day moving average price of $40.42 and a two-hundred day moving average price of $40.50. SPDR SSgA Ultra Short Term Bond ETF has a 52 week low of $40.20 and a 52 week high of $40.72.

Institutional Investors Weigh In On SPDR SSgA Ultra Short Term Bond ETF

Several institutional investors have recently bought and sold shares of the company. Assetmark Inc. bought a new position in shares of SPDR SSgA Ultra Short Term Bond ETF during the 3rd quarter worth approximately $31,000. Flagship Harbor Advisors LLC acquired a new position in SPDR SSgA Ultra Short Term Bond ETF during the fourth quarter worth $36,000. Geneos Wealth Management Inc. acquired a new position in SPDR SSgA Ultra Short Term Bond ETF during the first quarter worth $37,000. Wells Fargo & Company MN grew its position in SPDR SSgA Ultra Short Term Bond ETF by 280,500.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,806 shares of the company’s stock valued at $114,000 after purchasing an additional 2,805 shares in the last quarter. Finally, Key Financial Inc bought a new position in SPDR SSgA Ultra Short Term Bond ETF in the third quarter valued at $183,000.

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.