SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Short Interest Update

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 11,125,230 shares, a growth of 72.4% from the July 30th total of 6,454,019 shares. Currently, 3.2% of the company’s stock are sold short. Based on an average daily trading volume, of 6,200,787 shares, the days-to-cover ratio is currently 1.8 days.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

NYSEARCA SPIB traded down $0.20 during trading on Tuesday, hitting $32.88. 1,818,836 shares of the company traded hands, compared to its average volume of 7,536,801. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 12 month low of $32.88 and a 12 month high of $34.14. The business has a fifty day simple moving average of $33.21 and a 200 day simple moving average of $33.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. American Family Investments Inc. bought a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter worth about $178,108,000. Ameriprise Financial Inc. grew its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 88.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,407,199 shares of the company’s stock valued at $181,617,000 after buying an additional 2,537,710 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 1st quarter valued at approximately $29,366,000. Manning & Napier Advisors LLC increased its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 320.9% in the 1st quarter. Manning & Napier Advisors LLC now owns 628,376 shares of the company’s stock worth $21,076,000 after buying an additional 479,097 shares during the period. Finally, Moment Partners LLC bought a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 1st quarter worth approximately $10,698,000.

About SPDR Portfolio Intermediate Term Corporate Bond ETF

The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, fixed-rate taxable US corporate bonds with a maturity of at least one year, but no more than 10 years. SPIB was launched on Feb 10, 2009 and is managed by State Street.