Short Interest in SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) Grows By 106.6%

SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 390,191 shares, a growth of 106.6% from the April 30th total of 188,887 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 290,079 shares, the days-to-cover ratio is currently 1.3 days.

SPDR Bloomberg Emerging Markets Local Bond ETF Price Performance

NYSEARCA:EBND opened at $21.02 on Monday. The business’s 50-day moving average is $20.93 and its two-hundred day moving average is $21.24. SPDR Bloomberg Emerging Markets Local Bond ETF has a 12 month low of $20.36 and a 12 month high of $21.94.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EBND. Daytona Street Capital LLC purchased a new position in SPDR Bloomberg Emerging Markets Local Bond ETF in the fourth quarter valued at about $27,000. Western Wealth Management LLC purchased a new position in SPDR Bloomberg Emerging Markets Local Bond ETF in the first quarter valued at about $29,000. Fifth Third Bancorp raised its position in SPDR Bloomberg Emerging Markets Local Bond ETF by 78.1% in the fourth quarter. Fifth Third Bancorp now owns 1,519 shares of the company’s stock valued at $32,000 after purchasing an additional 666 shares during the period. Triumph Capital Management purchased a new position in SPDR Bloomberg Emerging Markets Local Bond ETF in the third quarter valued at about $33,000. Finally, Jones Financial Companies Lllp raised its position in SPDR Bloomberg Emerging Markets Local Bond ETF by 279.4% in the first quarter. Jones Financial Companies Lllp now owns 1,859 shares of the company’s stock valued at $37,000 after purchasing an additional 1,369 shares during the period.

About SPDR Bloomberg Emerging Markets Local Bond ETF

SPDR Barclays Emerging Markets Local Bond ETF (Fund) seeks to provide investment results that correspond to the price and yield performance of the Index that tracks the fixed-rate local currency sovereign debt of emerging market countries. The Index is designed to measure the performance of the fixed-rate local currency sovereign debt of emerging market countries. The Index includes government bonds issued by countries outside the United States, in local currencies, that have a remaining maturity of one year or more and are rated B3/B-/B- or higher using the middle rating of Moody’s Investor Service, Inc, Standard & Poor’s, Inc and Fitch Inc SSgA Funds Management, Inc serves as the investment adviser to the Fund.