SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Sees Large Decrease in Short Interest

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 3,301,749 shares, a decline of 70.3% from the August 15th total of 11,125,230 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 6,355,110 shares, the short-interest ratio is currently 0.5 days.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

SPIB traded down $0.01 during midday trading on Monday, hitting $32.62. 6,167,095 shares of the company were exchanged, compared to its average volume of 7,449,487. The company’s 50 day simple moving average is $33.10 and its 200 day simple moving average is $33.37. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 1-year low of $32.58 and a 1-year high of $34.14.

Institutional Trading of SPDR Portfolio Intermediate Term Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SPIB. RMG Wealth Management LLC purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 1st quarter worth approximately $29,366,000. Bartlett & CO. Wealth Management LLC lifted its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 25.5% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 847,751 shares of the company’s stock valued at $28,408,000 after purchasing an additional 172,378 shares during the period. Your Advocates Ltd. LLP lifted its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 9.0% in the 1st quarter. Your Advocates Ltd. LLP now owns 682,626 shares of the company’s stock valued at $22,895,000 after purchasing an additional 56,649 shares during the period. GoalVest Advisory LLC boosted its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 3.4% during the second quarter. GoalVest Advisory LLC now owns 632,007 shares of the company’s stock worth $21,147,000 after buying an additional 20,938 shares in the last quarter. Finally, Manning & Napier Advisors LLC boosted its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 320.9% during the first 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 in the last quarter.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

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.