SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Short Interest Down 55.0% in August

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 397,621 shares, a decrease of 55.0% from the July 30th total of 883,319 shares. Based on an average daily volume of 5,041,673 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

SPDR Portfolio Aggregate Bond ETF Price Performance

SPAB traded down $0.08 during trading on Friday, hitting $25.12. The company’s stock had a trading volume of 1,432,265 shares, compared to its average volume of 3,274,492. The stock’s fifty day moving average price is $25.25 and its 200-day moving average price is $25.50. SPDR Portfolio Aggregate Bond ETF has a twelve month low of $25.03 and a twelve month high of $26.17.

Hedge Funds Weigh In On SPDR Portfolio Aggregate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tucker Asset Management LLC grew its stake in shares of SPDR Portfolio Aggregate Bond ETF by 496.0% in the 2nd quarter. Tucker Asset Management LLC now owns 24,068 shares of the company’s stock valued at $614,000 after buying an additional 20,030 shares during the period. Tobias Financial Advisors Inc. boosted its holdings in SPDR Portfolio Aggregate Bond ETF by 6.0% in the second quarter. Tobias Financial Advisors Inc. now owns 4,428,126 shares of the company’s stock worth $113,006,000 after acquiring an additional 249,337 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in SPDR Portfolio Aggregate Bond ETF in the second quarter valued at approximately $200,000. Compass Financial Management LLC bought a new stake in shares of SPDR Portfolio Aggregate Bond ETF during the second quarter valued at approximately $29,000. Finally, Hopwood Nicholas Hunter acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the second quarter worth approximately $874,000.

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.