Short Interest in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Declines By 70.3%

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 3,301,749 shares, a decrease of 70.3% from the August 15th total of 11,125,230 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 6,355,110 shares, the short-interest ratio is currently 0.5 days.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Down 0.1%

SPDR Portfolio Intermediate Term Corporate Bond ETF stock traded down $0.03 during trading hours on Friday, hitting $32.63. The company had a trading volume of 3,857,121 shares, compared to its average volume of 7,456,857. SPDR Portfolio Intermediate Term Corporate Bond ETF has a fifty-two week low of $32.63 and a fifty-two week high of $34.14. The firm’s fifty day moving average is $33.10 and its 200-day moving average is $33.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Elyxium Wealth LLC acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter valued at about $28,000. Triumph Capital Management acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the third quarter valued at approximately $28,000. Compass Financial Management LLC bought a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter valued at approximately $36,000. WFA of San Diego LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter worth $40,000. Finally, Nemes Rush Group LLC bought a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter worth $104,000.

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.