SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sees Significant Decline in Short Interest

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) was the target of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 284,396 shares, a drop of 79.3% from the October 15th total of 1,372,990 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 3,546,559 shares, the short-interest ratio is presently 0.1 days.

SPDR Portfolio Aggregate Bond ETF Price Performance

Shares of SPAB traded down $0.04 during mid-day trading on Friday, reaching $24.50. 6,091,185 shares of the company were exchanged, compared to its average volume of 3,364,008. SPDR Portfolio Aggregate Bond ETF has a 52 week low of $24.17 and a 52 week high of $26.17. The business has a 50 day simple moving average of $24.63 and a two-hundred day simple moving average of $25.28.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp grew its position in shares of SPDR Portfolio Aggregate Bond ETF by 75.1% during the 3rd quarter. State Street Corp now owns 25,427,199 shares of the company’s stock worth $619,407,000 after buying an additional 10,902,223 shares during the period. Cliftonlarsonallen Wealth Advisors LLC bought a new position in shares of SPDR Portfolio Aggregate Bond ETF in the third quarter valued at approximately $257,427,000. AlphaStar Capital Management LLC purchased a new stake in shares of SPDR Portfolio Aggregate Bond ETF during the third quarter valued at approximately $69,286,000. Gradient Investments LLC purchased a new stake in shares of SPDR Portfolio Aggregate Bond ETF during the third quarter valued at approximately $59,872,000. Finally, UNIVEST FINANCIAL Corp purchased a new position in SPDR Portfolio Aggregate Bond ETF in the third quarter worth $55,787,000.

SPDR Portfolio Aggregate Bond ETF Company Profile

The SPDR Portfolio Aggregate Bond ETF (SPAB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks a market value-weighted index of the aggregate USD-denominated investment-grade bond market with at least one year to maturity. SPAB was launched on May 23, 2007 and is managed by State Street.