SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sees Large Volume Increase – Here’s Why

Shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) saw strong trading volume on Wednesday . 3,633,419 shares traded hands during trading, an increase of 10% from the previous session’s volume of 3,312,509 shares.The stock last traded at $29.94 and had previously closed at $29.92.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

The stock’s 50-day moving average is $30.02 and its two-hundred day moving average is $30.13.

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

Several institutional investors have recently bought and sold shares of SPSB. Bessemer Group Inc. bought a new position in SPDR Portfolio Short Term Corporate Bond ETF during the third quarter valued at $30,000. Smartleaf Asset Management LLC lifted its position in SPDR Portfolio Short Term Corporate Bond ETF by 2,862.9% during the third quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock valued at $31,000 after purchasing an additional 1,002 shares during the last quarter. Strive Financial Group LLC bought a new position in SPDR Portfolio Short Term Corporate Bond ETF during the fourth quarter valued at $35,000. AlphaCore Capital LLC bought a new position in SPDR Portfolio Short Term Corporate Bond ETF during the third quarter valued at $37,000. Finally, IFC & Insurance Marketing Inc. bought a new position in SPDR Portfolio Short Term Corporate Bond ETF during the fourth quarter valued at $58,000.

SPDR Portfolio Short Term Corporate Bond ETF Company Profile

The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Treasury index. The fund tracks a market-value-weighted index of fixed-rate investment-grade nonconvertible US corporate bonds with 1-3 years remaining in maturity. SPSB was launched on Dec 16, 2009 and is managed by State Street.