SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Short Interest Down 27.7% in January

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 3,039,137 shares, a drop of 27.7% from the December 31st total of 4,202,682 shares. Based on an average daily volume of 7,402,862 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.0% of the company’s shares are sold short. Currently, 1.0% of the company’s shares are sold short. Based on an average daily volume of 7,402,862 shares, the days-to-cover ratio is currently 0.4 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Triumph Capital Management purchased a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the third quarter worth $29,000. First Community Trust NA acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the third quarter worth $32,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter valued at $34,000. Finally, WFA of San Diego LLC acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter valued at $40,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Up 0.1%

SPIB stock opened at $33.91 on Friday. SPDR Portfolio Intermediate Term Corporate Bond ETF has a one year low of $32.38 and a one year high of $34.08. The firm has a 50-day moving average of $33.85 and a two-hundred day moving average of $33.80.

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.