SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Short Interest Down 37.8% in April

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 249,508 shares, a decrease of 37.8% from the April 15th total of 401,341 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 738,231 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On SPDR Portfolio Corporate Bond ETF

Hedge funds have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF in the third quarter valued at about $659,000. Arkansas Financial Group Inc. increased its position in SPDR Portfolio Corporate Bond ETF by 12.6% during the fourth quarter. Arkansas Financial Group Inc. now owns 820,153 shares of the company’s stock worth $24,063,000 after purchasing an additional 91,532 shares during the last quarter. Flagship Harbor Advisors LLC increased its position in SPDR Portfolio Corporate Bond ETF by 5.4% during the third quarter. Flagship Harbor Advisors LLC now owns 357,425 shares of the company’s stock worth $10,591,000 after purchasing an additional 18,379 shares during the last quarter. Kingdom Financial Group LLC. increased its position in SPDR Portfolio Corporate Bond ETF by 191.0% during the third quarter. Kingdom Financial Group LLC. now owns 51,494 shares of the company’s stock worth $1,526,000 after purchasing an additional 33,801 shares during the last quarter. Finally, Breakwater Capital Group increased its position in SPDR Portfolio Corporate Bond ETF by 34.0% during the third quarter. Breakwater Capital Group now owns 167,865 shares of the company’s stock worth $4,974,000 after purchasing an additional 42,575 shares during the last quarter.

SPDR Portfolio Corporate Bond ETF Price Performance

Shares of NYSEARCA SPBO traded down $0.03 during mid-day trading on Monday, reaching $28.73. The company’s stock had a trading volume of 1,593,213 shares, compared to its average volume of 658,582. The stock has a 50-day moving average of $29.05 and a two-hundred day moving average of $29.33. SPDR Portfolio Corporate Bond ETF has a 1-year low of $28.28 and a 1-year high of $29.93.

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.