SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sees Large Growth in Short Interest

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 1,612,636 shares, an increase of 193.1% from the June 15th total of 550,256 shares. Based on an average trading volume of 2,417,497 shares, the short-interest ratio is presently 0.7 days. Approximately 3.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On SPDR Portfolio Long Term Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp boosted 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 valued at $165,100,000 after acquiring an additional 427,047 shares during the last quarter. LPL Financial LLC boosted its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 17.1% in the 4th quarter. LPL Financial LLC now owns 2,402,379 shares of the company’s stock valued at $54,246,000 after purchasing an additional 351,072 shares during the last quarter. Sona Asset Management US LLC acquired a new position in SPDR Portfolio Long Term Corporate Bond ETF in the 1st quarter valued at about $52,106,000. Rockland Trust Co. grew its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 4.7% in the 2nd quarter. Rockland Trust Co. now owns 2,029,619 shares of the company’s stock valued at $45,463,000 after buying an additional 90,227 shares during the period. Finally, NYL Investors LLC grew its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 0.4% in the 4th quarter. NYL Investors LLC now owns 1,456,598 shares of the company’s stock valued at $32,890,000 after buying an additional 5,279 shares during the period.

SPDR Portfolio Long Term Corporate Bond ETF Trading Up 0.2%

SPLB traded up $0.04 during trading on Tuesday, reaching $21.78. The company’s stock had a trading volume of 2,462,428 shares, compared to its average volume of 4,110,299. The firm has a fifty day simple moving average of $22.24 and a two-hundred day simple moving average of $22.45. SPDR Portfolio Long Term Corporate Bond ETF has a 1 year low of $21.69 and a 1 year high of $23.59.

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.