SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Sees Large Growth in Short Interest

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 207,291 shares, an increase of 609.9% from the August 31st total of 29,199 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 85,302 shares, the short-interest ratio is presently 2.4 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in SPDR Bloomberg International Corporate Bond ETF by 46.0% during the 1st quarter. Bank of America Corp DE now owns 367,731 shares of the company’s stock worth $11,429,000 after acquiring an additional 115,833 shares during the last quarter. Summit Global Investments acquired a new position in shares of SPDR Bloomberg International Corporate Bond ETF during the 1st quarter worth about $2,259,000. Royal Bank of Canada grew its stake in SPDR Bloomberg International Corporate Bond ETF by 52.4% in the first quarter. Royal Bank of Canada now owns 181,543 shares of the company’s stock valued at $5,643,000 after purchasing an additional 62,399 shares in the last quarter. Lodestar Private Asset Management LLC increased its holdings in SPDR Bloomberg International Corporate Bond ETF by 10.6% during the first quarter. Lodestar Private Asset Management LLC now owns 622,167 shares of the company’s stock worth $19,337,000 after buying an additional 59,534 shares during the last quarter. Finally, Cerity Partners OCIO LLC acquired a new position in shares of SPDR Bloomberg International Corporate Bond ETF during the 4th quarter worth about $1,866,000.

SPDR Bloomberg International Corporate Bond ETF Trading Down 0.0%

NYSEARCA IBND traded down $0.01 during trading hours on Friday, hitting $30.00. The company’s stock had a trading volume of 28,705 shares, compared to its average volume of 108,622. The stock has a fifty day moving average of $30.90 and a 200 day moving average of $31.19. SPDR Bloomberg International Corporate Bond ETF has a twelve month low of $29.93 and a twelve month high of $33.20.

SPDR Bloomberg International Corporate Bond ETF Company Profile

SPDR Barclays International Corporate Bond ETF (the Fund), formerly SPDR Barclays Capital International Corporate Bond ETF, seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Global Aggregate ex-USD > $1B: Corporate Bond Index (the Index), an index that tracks the investment-grade corporate sector of the global bond market outside of the United States. The Index is designed to be a broad based measure of the global investment-grade, fixed-rate, fixed-income corporate markets outside the United States.