SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Short Interest Update

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 618,042 shares, a growth of 115.9% from the June 15th total of 286,238 shares. Based on an average daily volume of 2,017,212 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

SPDR Portfolio Aggregate Bond ETF Stock Performance

Shares of SPAB traded up $0.06 during trading on Wednesday, reaching $25.33. The company’s stock had a trading volume of 1,349,809 shares, compared to its average volume of 3,365,916. SPDR Portfolio Aggregate Bond ETF has a twelve month low of $25.14 and a twelve month high of $26.17. The company has a fifty day moving average of $25.42 and a two-hundred day moving average of $25.64.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. State Street Corp increased its stake in shares of SPDR Portfolio Aggregate Bond ETF by 103.7% in the second quarter. State Street Corp now owns 23,633,736 shares of the company’s stock valued at $605,024,000 after purchasing an additional 12,031,034 shares during the period. LPL Financial LLC grew its holdings in SPDR Portfolio Aggregate Bond ETF by 7.0% in the 4th quarter. LPL Financial LLC now owns 23,515,369 shares of the company’s stock worth $605,521,000 after buying an additional 1,545,797 shares in the last quarter. Donoghue Forlines LLC bought a new position in SPDR Portfolio Aggregate Bond ETF in the 4th quarter worth approximately $32,772,000. CWM LLC increased its position in SPDR Portfolio Aggregate Bond ETF by 7.0% in the 4th quarter. CWM LLC now owns 18,193,758 shares of the company’s stock valued at $468,489,000 after acquiring an additional 1,197,111 shares during the period. Finally, Bank of America Corp DE raised its stake in SPDR Portfolio Aggregate Bond ETF by 23.5% during the 1st quarter. Bank of America Corp DE now owns 5,842,790 shares of the company’s stock valued at $149,692,000 after acquiring an additional 1,112,552 shares in the last quarter.

About SPDR Portfolio Aggregate Bond ETF

The SPDR Portfolio Aggregate Bond ETF (SPAB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks a market value-weighted index of the aggregate USD-denominated investment-grade bond market with at least one year to maturity. SPAB was launched on May 23, 2007 and is managed by State Street.