SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Short Interest Update

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 177,475 shares, a drop of 79.7% from the February 26th total of 872,506 shares. Based on an average daily trading volume, of 504,586 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are short sold.

SPDR Portfolio Corporate Bond ETF Stock Performance

NYSEARCA SPBO traded down $0.03 on Friday, hitting $28.72. 711,282 shares of the stock were exchanged, compared to its average volume of 610,061. The business’s fifty day moving average is $29.34 and its 200 day moving average is $29.47. SPDR Portfolio Corporate Bond ETF has a 52 week low of $27.84 and a 52 week high of $29.93.

SPDR Portfolio Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.1225 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 5.1%.

Institutional Investors Weigh In On SPDR Portfolio Corporate Bond ETF

Several hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. grew its holdings in SPDR Portfolio Corporate Bond ETF by 15.6% during the third quarter. Ameriprise Financial Inc. now owns 7,339,315 shares of the company’s stock worth $217,450,000 after purchasing an additional 988,964 shares during the period. LPL Financial LLC raised its stake in SPDR Portfolio Corporate Bond ETF by 3.4% in the fourth quarter. LPL Financial LLC now owns 3,029,120 shares of the company’s stock valued at $88,874,000 after buying an additional 100,339 shares during the period. Bank of America Corp DE lifted its position in shares of SPDR Portfolio Corporate Bond ETF by 0.9% in the third quarter. Bank of America Corp DE now owns 2,727,109 shares of the company’s stock valued at $80,804,000 after buying an additional 24,949 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of SPDR Portfolio Corporate Bond ETF by 58.0% in the third quarter. Exchange Traded Concepts LLC now owns 2,361,743 shares of the company’s stock valued at $69,978,000 after buying an additional 866,827 shares during the last quarter. Finally, AE Wealth Management LLC boosted its stake in shares of SPDR Portfolio Corporate Bond ETF by 13.7% during the 4th quarter. AE Wealth Management LLC now owns 1,974,900 shares of the company’s stock worth $57,944,000 after acquiring an additional 237,241 shares during the period.

About SPDR Portfolio Corporate Bond ETF

The SPDR Portfolio Corporate Bond ETF (SPBO) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals. SPBO was launched on Apr 6, 2011 and is managed by State Street.