SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Short Interest Up 276.4% in May

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,274,019 shares, an increase of 276.4% from the April 30th total of 604,189 shares. Approximately 3.9% of the company’s shares are short sold. Based on an average daily volume of 3,036,011 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of SPDR Portfolio Long Term Corporate Bond ETF

A number of institutional investors have recently bought and sold shares of SPLB. JPMorgan Chase & Co. grew its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 2.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 150,974 shares of the company’s stock worth $3,407,000 after acquiring an additional 3,608 shares during the period. State Street Corp grew its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 6.2% during the 2nd quarter. State Street Corp now owns 7,315,006 shares of the company’s stock worth $165,100,000 after buying an additional 427,047 shares during the period. NewEdge Advisors LLC grew its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 3.5% during the 2nd quarter. NewEdge Advisors LLC now owns 137,711 shares of the company’s stock worth $3,108,000 after buying an additional 4,683 shares during the period. Graney & King LLC grew its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 8.7% during the 2nd quarter. Graney & King LLC now owns 172,636 shares of the company’s stock worth $3,896,000 after buying an additional 13,862 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 91.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,372 shares of the company’s stock worth $53,000 after buying an additional 1,134 shares during the period.

SPDR Portfolio Long Term Corporate Bond ETF Price Performance

SPLB stock traded up $0.03 during midday trading on Friday, reaching $22.45. The stock had a trading volume of 2,294,153 shares, compared to its average volume of 4,550,950. The business has a fifty day simple moving average of $22.25 and a two-hundred day simple moving average of $22.57. SPDR Portfolio Long Term Corporate Bond ETF has a twelve month low of $21.69 and a twelve month high of $23.59.

About SPDR Portfolio Long Term Corporate Bond ETF

The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.