Short Interest in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Declines By 32.4%

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 201,000 shares, a decline of 32.4% from the September 15th total of 297,500 shares. Based on an average daily volume of 853,100 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 853,100 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On SPDR Portfolio Corporate Bond ETF

A number of institutional investors have recently modified their holdings of SPBO. Creative Financial Designs Inc. ADV boosted its stake in shares of SPDR Portfolio Corporate Bond ETF by 18.4% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 2,502 shares of the company’s stock valued at $73,000 after buying an additional 389 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF during the 1st quarter valued at $10,170,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF during the 1st quarter valued at $474,000. Flow Traders U.S. LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF during the 1st quarter valued at $4,938,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of SPDR Portfolio Corporate Bond ETF by 443.6% during the 1st quarter. Ameriprise Financial Inc. now owns 6,552,185 shares of the company’s stock valued at $190,217,000 after buying an additional 5,346,892 shares during the period.

SPDR Portfolio Corporate Bond ETF Trading Up 0.2%

NYSEARCA SPBO opened at $29.89 on Friday. SPDR Portfolio Corporate Bond ETF has a twelve month low of $27.84 and a twelve month high of $29.91. The firm’s 50 day moving average price is $29.56 and its two-hundred day moving average price is $29.07.

About SPDR Portfolio Corporate Bond ETF

The SPDR Portfolio Corporate Bond ETF (SPBO) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals. SPBO was launched on Apr 6, 2011 and is managed by State Street.