SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Shares Shorted: Short Interest Down 96.9% in October

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 1,739 shares, a drop of 96.9% from the October 15th total of 56,991 shares. Based on an average trading volume of 107,120 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Trading of SPDR Bloomberg International Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp purchased a new position in shares of SPDR Bloomberg International Corporate Bond ETF during the 1st quarter valued at $26,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of SPDR Bloomberg International Corporate Bond ETF in the second quarter worth $213,000. Fiduciary Financial Group LLC purchased a new stake in shares of SPDR Bloomberg International Corporate Bond ETF in the second quarter worth $234,000. Tennessee Valley Asset Management Partners boosted its stake in SPDR Bloomberg International Corporate Bond ETF by 12.5% during the third quarter. Tennessee Valley Asset Management Partners now owns 9,072 shares of the company’s stock valued at $271,000 after buying an additional 1,008 shares during the period. Finally, Drive Wealth Management LLC bought a new stake in SPDR Bloomberg International Corporate Bond ETF during the third quarter valued at $279,000.

SPDR Bloomberg International Corporate Bond ETF Price Performance

NYSEARCA:IBND traded down $0.13 during mid-day trading on Thursday, hitting $29.33. 32,609 shares of the stock traded hands, compared to its average volume of 107,155. The business’s 50-day moving average price is $29.98 and its 200 day moving average price is $31.13. SPDR Bloomberg International Corporate Bond ETF has a 12-month low of $29.21 and a 12-month high of $33.20.

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.