SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sees Significant Drop in Short Interest

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) saw a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 284,396 shares, a drop of 79.3% from the October 15th total of 1,372,990 shares. Based on an average daily volume of 3,546,559 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

SPDR Portfolio Aggregate Bond ETF Trading Down 0.5%

Shares of NYSEARCA:SPAB traded down $0.14 during trading on Thursday, reaching $24.55. The stock had a trading volume of 1,321,158 shares, compared to its average volume of 3,342,997. SPDR Portfolio Aggregate Bond ETF has a 52 week low of $24.17 and a 52 week high of $26.17. The stock has a fifty day simple moving average of $24.65 and a two-hundred day simple moving average of $25.29.

Institutional Investors Weigh In On SPDR Portfolio Aggregate Bond ETF

Hedge funds have recently bought and sold shares of the company. Texas Yale Capital Corp. acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the 3rd quarter worth about $717,000. State Street Corp increased its position in SPDR Portfolio Aggregate Bond ETF by 75.1% in the 3rd quarter. State Street Corp now owns 25,427,199 shares of the company’s stock worth $619,407,000 after buying an additional 10,902,223 shares during the period. Private Advisor Group LLC bought a new position in SPDR Portfolio Aggregate Bond ETF in the 3rd quarter worth approximately $40,340,000. Focus Advisor Solutions LLC acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the third quarter worth approximately $323,000. Finally, Independent Advisor Alliance lifted its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 50.0% during the third quarter. Independent Advisor Alliance now owns 20,078 shares of the company’s stock worth $500,000 after buying an additional 6,693 shares during the last quarter.

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.