SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Sees Significant Growth in Short Interest

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 6,090,117 shares, an increase of 69.8% from the January 29th total of 3,586,958 shares. Based on an average daily trading volume, of 5,585,034 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.9% of the shares of the company are sold short. Approximately 1.9% of the shares of the company are sold short. Based on an average daily trading volume, of 5,585,034 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of SPDR Portfolio Intermediate Term Corporate Bond ETF

A number of large investors have recently bought and sold shares of the stock. American Family Investments Inc. bought a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter valued at approximately $178,108,000. Ameriprise Financial Inc. raised its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 88.4% during the second quarter. Ameriprise Financial Inc. now owns 5,407,199 shares of the company’s stock worth $181,617,000 after acquiring an additional 2,537,710 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 381.8% during the third quarter. JPMorgan Chase & Co. now owns 792,394 shares of the company’s stock worth $26,854,000 after acquiring an additional 627,933 shares during the period. Your Advocates Ltd. LLP bought a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 3rd quarter valued at $21,018,000. Finally, Bartlett & CO. Wealth Management LLC boosted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 229.6% in the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 565,498 shares of the company’s stock worth $19,165,000 after purchasing an additional 393,948 shares during the period.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

Shares of NYSEARCA:SPIB traded up $0.02 on Friday, hitting $34.11. 8,528,163 shares of the company were exchanged, compared to its average volume of 6,079,494. The company’s 50 day moving average price is $33.89 and its two-hundred day moving average price is $33.86. SPDR Portfolio Intermediate Term Corporate Bond ETF has a one year low of $32.38 and a one year high of $34.14.

SPDR Portfolio Intermediate Term Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.1212 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, February 2nd.

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.