Short Interest in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Expands By 219.1%

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 259,412 shares, a growth of 219.1% from the December 15th total of 81,292 shares. Based on an average daily volume of 500,214 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 500,214 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of SPDR Portfolio Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advyzon Investment Management LLC acquired a new stake in SPDR Portfolio Corporate Bond ETF in the 2nd quarter worth about $363,000. Foundations Investment Advisors LLC increased its stake in shares of SPDR Portfolio Corporate Bond ETF by 83.8% during the 2nd quarter. Foundations Investment Advisors LLC now owns 109,347 shares of the company’s stock valued at $3,195,000 after acquiring an additional 49,859 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 30.7% during the 2nd quarter. Bank of Montreal Can now owns 7,333 shares of the company’s stock worth $214,000 after acquiring an additional 1,722 shares during the period. Summit Financial Wealth Advisors LLC boosted its position in shares of SPDR Portfolio Corporate Bond ETF by 15.3% in the third quarter. Summit Financial Wealth Advisors LLC now owns 916,928 shares of the company’s stock worth $27,141,000 after acquiring an additional 121,857 shares during the last quarter. Finally, Tradewinds Capital Management LLC grew its holdings in SPDR Portfolio Corporate Bond ETF by 64.3% in the third quarter. Tradewinds Capital Management LLC now owns 127,759 shares of the company’s stock valued at $3,786,000 after purchasing an additional 50,004 shares during the period.

SPDR Portfolio Corporate Bond ETF Trading Up 0.2%

Shares of NYSEARCA:SPBO opened at $29.52 on Thursday. The business’s fifty day moving average price is $29.44 and its two-hundred day moving average price is $29.40. SPDR Portfolio Corporate Bond ETF has a one year low of $27.84 and a one year high of $29.93.

SPDR Portfolio Corporate Bond ETF Company Profile

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.