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

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 208,777 shares, a decrease of 57.7% from the May 31st total of 493,758 shares. Based on an average daily volume of 498,301 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On SPDR Portfolio Corporate Bond ETF

Hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in shares of SPDR Portfolio Corporate Bond ETF by 15.6% during the 3rd 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 in the last quarter. LPL Financial LLC increased its holdings in SPDR Portfolio Corporate Bond ETF by 3.4% during the fourth quarter. LPL Financial LLC now owns 3,029,120 shares of the company’s stock worth $88,874,000 after buying an additional 100,339 shares during the last quarter. Bank of America Corp DE increased its holdings in SPDR Portfolio Corporate Bond ETF by 0.9% during the third quarter. Bank of America Corp DE now owns 2,727,109 shares of the company’s stock worth $80,804,000 after buying an additional 24,949 shares during the last quarter. Assetmark Inc. raised its position in SPDR Portfolio Corporate Bond ETF by 47.0% during the first quarter. Assetmark Inc. now owns 2,170,235 shares of the company’s stock worth $63,002,000 after acquiring an additional 694,327 shares in the last quarter. Finally, AE Wealth Management LLC raised its position in SPDR Portfolio Corporate Bond ETF by 13.7% during the fourth 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 in the last quarter.

SPDR Portfolio Corporate Bond ETF Stock Up 0.2%

SPDR Portfolio Corporate Bond ETF stock traded up $0.05 during mid-day trading on Monday, reaching $29.20. The company’s stock had a trading volume of 3,718,541 shares, compared to its average volume of 681,315. SPDR Portfolio Corporate Bond ETF has a 12 month low of $28.57 and a 12 month high of $29.93. The business’s 50 day simple moving average is $29.00 and its 200 day simple moving average is $29.21.

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.