Short Interest in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Declines By 45.3%

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 3,852,656 shares, a drop of 45.3% from the August 15th total of 7,041,128 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average trading volume of 4,518,139 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Brown Lisle Cummings Inc. increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 300.3% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 1,397 shares of the company’s stock worth $42,000 after acquiring an additional 1,048 shares in the last quarter. AlphaCore Capital LLC increased its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 48.0% in the fourth quarter. AlphaCore Capital LLC now owns 1,807 shares of the company’s stock worth $55,000 after purchasing an additional 586 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 106.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,028 shares of the company’s stock valued at $61,000 after purchasing an additional 1,046 shares during the period. Root Financial Partners LLC raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 112.2% during the 1st quarter. Root Financial Partners LLC now owns 2,368 shares of the company’s stock valued at $71,000 after purchasing an additional 1,252 shares during the period. Finally, Nalls Sherbakoff Group LLC purchased a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter valued at $76,000.

SPDR Portfolio Short Term Corporate Bond ETF Trading Up 0.1%

Shares of NYSEARCA:SPSB traded up $0.04 during midday trading on Thursday, hitting $29.71. The company had a trading volume of 9,229,569 shares, compared to its average volume of 3,985,567. SPDR Portfolio Short Term Corporate Bond ETF has a 12-month low of $29.66 and a 12-month high of $30.34. The company has a fifty day moving average of $29.88 and a two-hundred day moving average of $29.97.

About SPDR Portfolio Short Term Corporate Bond ETF

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.