Short Interest in SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Drops By 69.3%

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 550,256 shares, a decrease of 69.3% from the May 31st total of 1,789,877 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average trading volume of 2,781,801 shares, the days-to-cover ratio is presently 0.2 days.

SPDR Portfolio Long Term Corporate Bond ETF Stock Down 0.4%

SPLB stock traded down $0.10 on Tuesday, hitting $22.51. The company’s stock had a trading volume of 2,102,196 shares, compared to its average volume of 4,196,839. The firm has a 50 day moving average of $22.30 and a two-hundred day moving average of $22.50. SPDR Portfolio Long Term Corporate Bond ETF has a 1 year low of $21.69 and a 1 year high of $23.59.

Institutional Trading of SPDR Portfolio Long Term Corporate Bond ETF

Hedge funds have recently made changes to their positions in the company. WealthPoint Financial LLC acquired a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF during the first quarter worth about $308,000. NewEdge Advisors LLC lifted its position in SPDR Portfolio Long Term Corporate Bond ETF by 180.9% in the first quarter. NewEdge Advisors LLC now owns 117,279 shares of the company’s stock valued at $2,606,000 after purchasing an additional 75,530 shares during the period. Arete Wealth Advisors LLC boosted its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 10.3% in the 1st quarter. Arete Wealth Advisors LLC now owns 75,872 shares of the company’s stock valued at $1,690,000 after purchasing an additional 7,093 shares in the last quarter. Strategic Investment Advisors MI purchased a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the 1st quarter valued at approximately $137,000. Finally, Sona Asset Management US LLC purchased a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the 1st quarter valued at approximately $52,106,000.

SPDR Portfolio Long Term Corporate Bond ETF Company Profile

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.