SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Short Interest Down 39.2% in February

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 3,703,122 shares, a drop of 39.2% from the February 12th total of 6,090,117 shares. Based on an average daily volume of 4,951,576 shares, the short-interest ratio is currently 0.7 days. Currently, 1.2% of the company’s shares are sold short. Currently, 1.2% of the company’s shares are sold short. Based on an average daily volume of 4,951,576 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SPIB. Elyxium Wealth LLC bought a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the fourth quarter worth $28,000. Triumph Capital Management bought a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the third quarter valued at $28,000. Fortitude Family Office LLC acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the third quarter valued at about $29,000. First Community Trust NA acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the third quarter valued at about $32,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 2nd quarter worth about $34,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Trading Down 0.2%

SPIB stock traded down $0.06 during mid-day trading on Friday, reaching $33.44. The company’s stock had a trading volume of 17,967,312 shares, compared to its average volume of 7,293,639. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 12 month low of $32.38 and a 12 month high of $34.14. The business’s 50 day moving average price is $33.88 and its 200 day moving average price is $33.87.

SPDR Portfolio Intermediate Term Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1234 per share. This is a positive change from SPDR Portfolio Intermediate Term Corporate Bond ETF’s previous monthly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.4%.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

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.