SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sees Large Drop in Short Interest

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 188,430 shares, a decrease of 70.3% from the November 30th total of 634,873 shares. Based on an average trading volume of 2,302,917 shares, the short-interest ratio is presently 0.1 days. Approximately 0.5% of the shares of the stock are sold short. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 2,302,917 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SPLB. RMG Wealth Management LLC acquired a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF during the second quarter valued at approximately $46,400,000. Thrivent Financial for Lutherans purchased a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF in the third quarter valued at $23,055,000. State Street Corp lifted its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 6.2% in the second quarter. State Street Corp now owns 7,315,006 shares of the company’s stock valued at $165,100,000 after purchasing an additional 427,047 shares in the last quarter. Spectrum Wealth Advisory Group LLC acquired a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF in the second quarter worth $5,647,000. Finally, Arrien Investments Inc. grew its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 108.5% during the third quarter. Arrien Investments Inc. now owns 352,979 shares of the company’s stock valued at $8,161,000 after buying an additional 183,681 shares in the last quarter.

SPDR Portfolio Long Term Corporate Bond ETF Stock Performance

Shares of NYSEARCA SPLB opened at $22.74 on Thursday. The stock’s fifty day simple moving average is $22.96 and its 200 day simple moving average is $22.74. SPDR Portfolio Long Term Corporate Bond ETF has a 52-week low of $21.01 and a 52-week high of $23.59.

SPDR Portfolio Long Term Corporate Bond ETF Company Profile

The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.