SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Short Interest Up 64.2% in February

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 496,856 shares, an increase of 64.2% from the January 29th total of 302,521 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 4,506,231 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 4,506,231 shares, the short-interest ratio is presently 0.1 days. Approximately 0.9% of the company’s shares are sold short.

SPDR Portfolio Long Term Corporate Bond ETF Stock Performance

Shares of SPLB traded down $0.02 during midday trading on Friday, hitting $23.01. The stock had a trading volume of 2,917,871 shares, compared to its average volume of 3,888,474. The business has a 50-day simple moving average of $22.78 and a two-hundred day simple moving average of $22.90. SPDR Portfolio Long Term Corporate Bond ETF has a fifty-two week low of $21.01 and a fifty-two week high of $23.59.

SPDR Portfolio Long Term Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.103 per share. This is an increase from SPDR Portfolio Long Term Corporate 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 yield of 5.4%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp lifted its stake in SPDR Portfolio Long Term Corporate Bond ETF by 6.2% in the 2nd quarter. State Street Corp now owns 7,315,006 shares of the company’s stock worth $165,100,000 after acquiring an additional 427,047 shares in the last quarter. LPL Financial LLC grew its stake in SPDR Portfolio Long Term Corporate Bond ETF by 17.1% during the 4th quarter. LPL Financial LLC now owns 2,402,379 shares of the company’s stock valued at $54,246,000 after acquiring an additional 351,072 shares in the last quarter. RMG Wealth Management LLC increased its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 6.3% in the 3rd quarter. RMG Wealth Management LLC now owns 2,228,596 shares of the company’s stock valued at $52,227,000 after purchasing an additional 131,149 shares during the period. Rockland Trust Co. lifted its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 7.5% in the fourth quarter. Rockland Trust Co. now owns 1,824,180 shares of the company’s stock worth $41,190,000 after purchasing an additional 126,797 shares in the last quarter. Finally, NYL Investors LLC lifted its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 0.4% in the fourth quarter. NYL Investors LLC now owns 1,456,598 shares of the company’s stock worth $32,890,000 after purchasing an additional 5,279 shares in the last quarter.

About SPDR Portfolio Long Term Corporate Bond ETF

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.