SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Stock Short Interest Falls 55.6%

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 2,939,484 shares, a decline of 55.6% from the September 15th total of 6,627,679 shares. Based on an average daily volume of 9,146,474 shares, the short-interest ratio is presently 0.3 days. Approximately 0.8% of the company’s stock are short sold.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

SPSB stock traded up $0.03 during trading on Thursday, reaching $29.63. The stock had a trading volume of 2,765,521 shares, compared to its average volume of 4,110,479. SPDR Portfolio Short Term Corporate Bond ETF has a 1-year low of $29.45 and a 1-year high of $30.34. The firm has a fifty day moving average price of $29.75 and a 200 day moving average price of $29.90.

Institutional Trading of SPDR Portfolio Short Term Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Valmark Advisers Inc. lifted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.5% during the first quarter. Valmark Advisers Inc. now owns 9,127,167 shares of the company’s stock valued at $274,454,000 after purchasing an additional 389,971 shares during the last quarter. Bank of America Corp DE boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 52.9% in the 1st quarter. Bank of America Corp DE now owns 7,436,338 shares of the company’s stock valued at $223,611,000 after purchasing an additional 2,573,239 shares during the period. Baird Financial Group Inc. increased its stake in SPDR Portfolio Short Term Corporate Bond ETF by 11.1% in the 2nd quarter. Baird Financial Group Inc. now owns 6,659,159 shares of the company’s stock worth $199,841,000 after purchasing an additional 663,851 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in SPDR Portfolio Short Term Corporate Bond ETF by 11.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,899,175 shares of the company’s stock worth $177,034,000 after purchasing an additional 593,008 shares in the last quarter. Finally, State Street Corp increased its stake in SPDR Portfolio Short Term Corporate Bond ETF by 8.3% in the 2nd quarter. State Street Corp now owns 3,530,180 shares of the company’s stock worth $105,941,000 after purchasing an additional 269,832 shares in the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Company Profile

The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Treasury index. The fund tracks a market-value-weighted index of fixed-rate investment-grade nonconvertible US corporate bonds with 1-3 years remaining in maturity. SPSB was launched on Dec 16, 2009 and is managed by State Street.