SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Short Interest Up 193.1% in June

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 1,612,636 shares, a growth of 193.1% from the June 15th total of 550,256 shares. Based on an average daily volume of 2,417,497 shares, the days-to-cover ratio is currently 0.7 days. Currently, 3.1% of the shares of the stock are sold short.

SPDR Portfolio Long Term Corporate Bond ETF Stock Down 0.7%

NYSEARCA SPLB traded down $0.15 during mid-day trading on Monday, hitting $21.74. The stock had a trading volume of 2,902,053 shares, compared to its average volume of 4,117,389. The firm’s 50 day moving average is $22.25 and its 200 day moving average is $22.46. SPDR Portfolio Long Term Corporate Bond ETF has a twelve month low of $21.69 and a twelve month high of $23.59.

Institutional Investors Weigh In On SPDR Portfolio Long Term Corporate Bond ETF

A number of hedge funds have recently modified their holdings of SPLB. State Street Corp boosted its position in SPDR Portfolio Long Term Corporate Bond ETF by 265.4% during the fourth quarter. State Street Corp now owns 3,231,031 shares of the company’s stock worth $72,957,000 after acquiring an additional 2,346,749 shares during the last quarter. Sona Asset Management US LLC purchased a new position in SPDR Portfolio Long Term Corporate Bond ETF in the 1st quarter worth approximately $52,106,000. Cetera Investment Advisers lifted its stake in SPDR Portfolio Long Term Corporate Bond ETF by 303.0% in the 1st quarter. Cetera Investment Advisers now owns 518,888 shares of the company’s stock worth $11,530,000 after purchasing an additional 390,127 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF during the 4th quarter worth approximately $8,660,000. Finally, LPL Financial LLC grew its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 17.1% in the fourth quarter. LPL Financial LLC now owns 2,402,379 shares of the company’s stock valued at $54,246,000 after purchasing an additional 351,072 shares in the last quarter.

About SPDR Portfolio Long Term Corporate Bond ETF

The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.