SPDR Bloomberg Short Term International Treasury Bond ETF (NYSEARCA:BWZ) Sees Significant Decrease in Short Interest

SPDR Bloomberg Short Term International Treasury Bond ETF (NYSEARCA:BWZ) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 124,677 shares, a decline of 41.4% from the August 31st total of 212,753 shares. Based on an average daily volume of 47,664 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.0% of the company’s stock are short sold.

SPDR Bloomberg Short Term International Treasury Bond ETF Stock Performance

Shares of BWZ stock traded down $0.01 during trading hours on Wednesday, reaching $26.79. 20,411 shares of the company’s stock were exchanged, compared to its average volume of 93,985. The stock’s 50 day moving average is $27.12 and its 200-day moving average is $27.06. SPDR Bloomberg Short Term International Treasury Bond ETF has a fifty-two week low of $26.50 and a fifty-two week high of $28.26.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BWZ. Lam Group Inc. boosted its stake in SPDR Bloomberg Short Term International Treasury Bond ETF by 20.3% in the 2nd quarter. Lam Group Inc. now owns 264,206 shares of the company’s stock worth $7,067,000 after purchasing an additional 44,606 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in SPDR Bloomberg Short Term International Treasury Bond ETF by 7.8% in the first quarter. Checchi Capital Advisers LLC now owns 640,878 shares of the company’s stock valued at $17,252,000 after buying an additional 46,523 shares during the last quarter. Walkner Condon Financial Advisors LLC boosted its position in SPDR Bloomberg Short Term International Treasury Bond ETF by 8.3% in the first quarter. Walkner Condon Financial Advisors LLC now owns 252,567 shares of the company’s stock valued at $6,797,000 after buying an additional 19,354 shares during the last quarter. Royal Bank of Canada increased its holdings in SPDR Bloomberg Short Term International Treasury Bond ETF by 19.1% in the 1st quarter. Royal Bank of Canada now owns 212,871 shares of the company’s stock worth $5,730,000 after buying an additional 34,136 shares during the period. Finally, Cerity Partners OCIO LLC acquired a new position in SPDR Bloomberg Short Term International Treasury Bond ETF in the 4th quarter worth approximately $829,000.

About SPDR Bloomberg Short Term International Treasury Bond ETF

The SPDR Bloomberg Short Term International Treasury Bond ETF (BWZ) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade sovereign debt from countries outside the US with maturities between 1-3 years. BWZ was launched on Jan 15, 2009 and is managed by State Street.