SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sees Large Volume Increase – Time to Buy?

Shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) saw an uptick in trading volume on Thursday . Approximately 22,393,950 shares traded hands during trading, an increase of 527% from the previous session’s volume of 3,569,715 shares.The stock last traded at $29.8250 and had previously closed at $29.79.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

The stock has a 50-day simple moving average of $29.92 and a two-hundred day simple moving average of $30.01.

Institutional Trading of SPDR Portfolio Short Term Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. CIBC Private Wealth Group LLC lifted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 17.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,203 shares of the company’s stock worth $67,000 after buying an additional 334 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 4.2% during the fourth quarter. Great Valley Advisor Group Inc. now owns 8,542 shares of the company’s stock worth $258,000 after buying an additional 342 shares during the period. First County Bank CT raised its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 3.4% in the second quarter. First County Bank CT now owns 12,105 shares of the company’s stock worth $363,000 after purchasing an additional 395 shares in the last quarter. Cerity Partners LLC boosted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 3.5% in the 2nd quarter. Cerity Partners LLC now owns 14,802 shares of the company’s stock worth $447,000 after purchasing an additional 497 shares in the last quarter. Finally, Rinkey Investments increased its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 5.7% in the second quarter. Rinkey Investments now owns 9,456 shares of the company’s stock worth $284,000 after acquiring an additional 512 shares during the period.

SPDR Portfolio Short Term Corporate Bond ETF Company Profile

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.