SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Short Interest Down 21.3% in March

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSBGet Free Report) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 5,093,255 shares, a decrease of 21.3% from the February 26th total of 6,470,936 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average daily volume of 3,226,678 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Trading of SPDR Portfolio Short Term Corporate Bond ETF

Institutional investors have recently made changes to their positions in the business. Westfuller Advisors LLC bought a new position in SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter worth approximately $27,000. Bessemer Group Inc. bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the third quarter valued at approximately $30,000. Smartleaf Asset Management LLC raised its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 2,862.9% during the third quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock valued at $31,000 after buying an additional 1,002 shares during the last quarter. Strive Financial Group LLC purchased a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter worth $35,000. Finally, AlphaCore Capital LLC bought a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the third quarter worth $37,000.

SPDR Portfolio Short Term Corporate Bond ETF Stock Up 0.2%

Shares of SPSB stock traded up $0.05 on Monday, hitting $30.03. 6,841,482 shares of the stock traded hands, compared to its average volume of 3,655,447. SPDR Portfolio Short Term Corporate Bond ETF has a 52 week low of $29.74 and a 52 week high of $30.34. The firm has a 50 day simple moving average of $30.19 and a two-hundred day simple moving average of $30.21.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.1063 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.2%.

SPDR Portfolio Short Term Corporate Bond ETF Company Profile

(Get Free Report)

The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Treasury index. The fund tracks a market-value-weighted index of fixed-rate investment-grade nonconvertible US corporate bonds with 1-3 years remaining in maturity. SPSB was launched on Dec 16, 2009 and is managed by State Street.

Recommended Stories

Receive News & Ratings for SPDR Portfolio Short Term Corporate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Portfolio Short Term Corporate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.