Short Interest in SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) Rises By 119.3%

SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 1,110,373 shares, a growth of 119.3% from the January 29th total of 506,332 shares. Based on an average daily volume of 638,770 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.1% of the shares of the company are sold short. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 638,770 shares, the days-to-cover ratio is presently 1.7 days.

SPDR Bloomberg Emerging Markets Local Bond ETF Stock Performance

Shares of NYSEARCA:EBND traded down $0.02 during trading on Friday, reaching $21.88. The stock had a trading volume of 324,800 shares, compared to its average volume of 490,051. SPDR Bloomberg Emerging Markets Local Bond ETF has a 52 week low of $19.50 and a 52 week high of $21.94. The business’s 50-day moving average price is $21.60 and its 200 day moving average price is $21.40.

SPDR Bloomberg Emerging Markets Local Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a $0.1028 dividend. This is an increase from SPDR Bloomberg Emerging Markets Local Bond ETF’s previous monthly dividend of $0.10. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 5.6%.

Institutional Trading of SPDR Bloomberg Emerging Markets Local Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EBND. D.A. Davidson & CO. acquired a new stake in shares of SPDR Bloomberg Emerging Markets Local Bond ETF in the third quarter valued at about $577,000. Cetera Investment Advisers raised its stake in SPDR Bloomberg Emerging Markets Local Bond ETF by 10.3% in the 2nd quarter. Cetera Investment Advisers now owns 86,875 shares of the company’s stock valued at $1,859,000 after acquiring an additional 8,097 shares during the period. Osaic Holdings Inc. raised its position in shares of SPDR Bloomberg Emerging Markets Local Bond ETF by 343.7% in the second quarter. Osaic Holdings Inc. now owns 76,668 shares of the company’s stock valued at $1,578,000 after purchasing an additional 59,387 shares during the period. Prospera Financial Services Inc bought a new stake in shares of SPDR Bloomberg Emerging Markets Local Bond ETF during the 2nd quarter worth about $1,230,000. Finally, Hibernia Wealth Partners LLC boosted its holdings in shares of SPDR Bloomberg Emerging Markets Local Bond ETF by 96.4% during the second quarter. Hibernia Wealth Partners LLC now owns 209,403 shares of the company’s stock worth $4,481,000 after acquiring an additional 102,762 shares during the period.

About SPDR Bloomberg Emerging Markets Local Bond ETF

SPDR Barclays Emerging Markets Local Bond ETF (Fund) seeks to provide investment results that correspond to the price and yield performance of the Index that tracks the fixed-rate local currency sovereign debt of emerging market countries. The Index is designed to measure the performance of the fixed-rate local currency sovereign debt of emerging market countries. The Index includes government bonds issued by countries outside the United States, in local currencies, that have a remaining maturity of one year or more and are rated B3/B-/B- or higher using the middle rating of Moody’s Investor Service, Inc, Standard & Poor’s, Inc and Fitch Inc SSgA Funds Management, Inc serves as the investment adviser to the Fund.