Short Interest in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Decreases By 16.7%

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 4,934,843 shares, a drop of 16.7% from the January 15th total of 5,923,329 shares. Based on an average daily volume of 2,645,408 shares, the short-interest ratio is currently 1.9 days. Currently, 1.7% of the shares of the company are short sold. Currently, 1.7% of the shares of the company are short sold. Based on an average daily volume of 2,645,408 shares, the short-interest ratio is currently 1.9 days.

Institutional Investors Weigh In On SPDR Portfolio Short Term Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC grew its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 17.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,203 shares of the company’s stock worth $67,000 after acquiring an additional 334 shares during the period. RDA Financial Network boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.4% during the fourth quarter. RDA Financial Network now owns 10,475 shares of the company’s stock valued at $316,000 after buying an additional 340 shares during the last quarter. Legacy Wealth Management LLC MS grew its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.4% in the 3rd quarter. Legacy Wealth Management LLC MS now owns 8,148 shares of the company’s stock worth $247,000 after acquiring an additional 342 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 4.2% in the 4th quarter. Great Valley Advisor Group Inc. now owns 8,542 shares of the company’s stock worth $258,000 after purchasing an additional 342 shares in the last quarter. Finally, Lake Street Private Wealth LLC boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 3.2% in the 4th quarter. Lake Street Private Wealth LLC now owns 12,527 shares of the company’s stock worth $378,000 after buying an additional 384 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

NYSEARCA:SPSB traded up $0.02 on Monday, hitting $30.29. The company’s stock had a trading volume of 1,959,843 shares, compared to its average volume of 2,325,871. SPDR Portfolio Short Term Corporate Bond ETF has a one year low of $29.74 and a one year high of $30.34. The stock has a fifty day moving average of $30.22 and a two-hundred day moving average of $30.22.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1079 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.3%.

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.