SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Sees Significant Drop in Short Interest

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 95,212 shares, a decline of 54.1% from the September 15th total of 207,291 shares. Based on an average daily trading volume, of 89,258 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.6% of the shares of the stock are sold short.

SPDR Bloomberg International Corporate Bond ETF Price Performance

NYSEARCA IBND traded up $0.16 during trading on Tuesday, reaching $29.65. The company’s stock had a trading volume of 74,680 shares, compared to its average volume of 108,539. The firm has a fifty day moving average of $30.65 and a 200 day moving average of $31.07. SPDR Bloomberg International Corporate Bond ETF has a one year low of $29.47 and a one year high of $33.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its position in SPDR Bloomberg International Corporate Bond ETF by 1.5% during the first quarter. PNC Financial Services Group Inc. now owns 23,834 shares of the company’s stock valued at $741,000 after purchasing an additional 346 shares during the last quarter. Fifth Third Bancorp purchased a new position in SPDR Bloomberg International Corporate Bond ETF in the 1st quarter worth approximately $26,000. Red Lighthouse Investment Management LLC increased its holdings in shares of SPDR Bloomberg International Corporate Bond ETF by 9.8% in the 2nd quarter. Red Lighthouse Investment Management LLC now owns 9,780 shares of the company’s stock worth $305,000 after buying an additional 869 shares during the last quarter. Patten Group Inc. increased its holdings in shares of SPDR Bloomberg International Corporate Bond ETF by 6.8% in the 1st quarter. Patten Group Inc. now owns 14,260 shares of the company’s stock worth $443,000 after buying an additional 906 shares during the last quarter. Finally, Insight Advisors LLC PA increased its holdings in shares of SPDR Bloomberg International Corporate Bond ETF by 3.3% in the 1st quarter. Insight Advisors LLC PA now owns 38,210 shares of the company’s stock worth $1,188,000 after buying an additional 1,207 shares during the last quarter.

About SPDR Bloomberg International Corporate Bond ETF

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.