Short Interest in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Drops By 40.7%

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 3,583,178 shares, a drop of 40.7% from the June 15th total of 6,042,366 shares. Based on an average trading volume of 8,038,323 shares, the short-interest ratio is presently 0.4 days. Approximately 1.0% of the shares of the company are short sold.

Hedge Funds Weigh In On SPDR Portfolio Intermediate Term Corporate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Crews Bank & Trust boosted its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 10.6% during the 4th quarter. Crews Bank & Trust now owns 733,009 shares of the company’s stock worth $24,783,000 after acquiring an additional 70,549 shares during the period. Bartlett & CO. Wealth Management LLC increased its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 19.4% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 675,373 shares of the company’s stock valued at $22,834,000 after purchasing an additional 109,875 shares during the period. GoalVest Advisory LLC increased its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 7.9% during the fourth quarter. GoalVest Advisory LLC now owns 612,998 shares of the company’s stock valued at $20,725,000 after purchasing an additional 44,936 shares during the period. Tilia Fiduciary Partners Inc. raised its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 126.3% during the fourth quarter. Tilia Fiduciary Partners Inc. now owns 27,311 shares of the company’s stock valued at $923,000 after purchasing an additional 15,242 shares in the last quarter. Finally, Burns Matteson Capital Management LLC raised its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 59.9% during the fourth quarter. Burns Matteson Capital Management LLC now owns 269,322 shares of the company’s stock valued at $9,106,000 after purchasing an additional 100,840 shares in the last quarter.

SPDR Portfolio Intermediate Term Corporate Bond ETF Trading Down 0.1%

NYSEARCA:SPIB traded down $0.02 during mid-day trading on Thursday, hitting $33.26. The stock had a trading volume of 1,558,453 shares, compared to its average volume of 7,878,313. The company has a 50 day simple moving average of $33.37 and a 200-day simple moving average of $33.61. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 52 week low of $33.13 and a 52 week high of $34.14.

About SPDR Portfolio Intermediate Term Corporate Bond ETF

The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, fixed-rate taxable US corporate bonds with a maturity of at least one year, but no more than 10 years. SPIB was launched on Feb 10, 2009 and is managed by State Street.