Short Interest in SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Declines By 76.2%

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 5,022 shares, a drop of 76.2% from the May 31st total of 21,143 shares. Based on an average trading volume of 64,450 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On SPDR Bloomberg International Corporate Bond ETF

A number of institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp purchased a new position in shares of SPDR Bloomberg International Corporate Bond ETF in the 1st quarter worth about $26,000. Creative Financial Designs Inc. ADV bought a new stake in SPDR Bloomberg International Corporate Bond ETF during the 4th quarter valued at about $39,000. Kestra Advisory Services LLC bought a new stake in SPDR Bloomberg International Corporate Bond ETF during the 4th quarter valued at about $41,000. Triumph Capital Management purchased a new position in SPDR Bloomberg International Corporate Bond ETF in the fourth quarter worth about $58,000. Finally, Jones Financial Companies Lllp raised its holdings in SPDR Bloomberg International Corporate Bond ETF by 68.5% in the first quarter. Jones Financial Companies Lllp now owns 2,282 shares of the company’s stock worth $67,000 after buying an additional 928 shares during the last quarter.

SPDR Bloomberg International Corporate Bond ETF Stock Performance

Shares of IBND traded up $0.11 during mid-day trading on Friday, reaching $31.13. The company had a trading volume of 57,379 shares, compared to its average volume of 133,229. The firm has a 50-day moving average price of $31.48 and a 200 day moving average price of $31.80. SPDR Bloomberg International Corporate Bond ETF has a 52 week low of $30.65 and a 52 week high of $33.20.

SPDR Bloomberg International Corporate Bond ETF Company Profile

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.