SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Sees Large Increase in Short Interest

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 323,274 shares, a growth of 180.6% from the December 31st total of 115,201 shares. Based on an average trading volume of 76,711 shares, the days-to-cover ratio is currently 4.2 days. Currently, 2.5% of the company’s stock are sold short. Currently, 2.5% of the company’s stock are sold short. Based on an average trading volume of 76,711 shares, the days-to-cover ratio is currently 4.2 days.

Institutional Investors Weigh In On SPDR Bloomberg International Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA grew its position in SPDR Bloomberg International Corporate Bond ETF by 0.3% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 124,787 shares of the company’s stock valued at $4,020,000 after buying an additional 357 shares during the last quarter. IFP Advisors Inc grew its position in SPDR Bloomberg International Corporate Bond ETF by 14.5% during the third quarter. IFP Advisors Inc now owns 3,093 shares of the company’s stock worth $100,000 after buying an additional 391 shares during the period. Austin Private Wealth LLC grew its holdings in shares of SPDR Bloomberg International Corporate Bond ETF by 7.4% in the 4th quarter. Austin Private Wealth LLC now owns 6,792 shares of the company’s stock worth $218,000 after acquiring an additional 470 shares during the period. PFG Investments LLC grew its holdings in SPDR Bloomberg International Corporate Bond ETF by 4.1% in the third quarter. PFG Investments LLC now owns 13,927 shares of the company’s stock valued at $450,000 after purchasing an additional 551 shares during the last quarter. Finally, Beacon Pointe Advisors LLC grew its stake in SPDR Bloomberg International Corporate Bond ETF by 3.2% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 20,401 shares of the company’s stock valued at $665,000 after acquiring an additional 624 shares during the last quarter.

SPDR Bloomberg International Corporate Bond ETF Stock Performance

IBND stock opened at $32.68 on Friday. SPDR Bloomberg International Corporate Bond ETF has a fifty-two week low of $27.97 and a fifty-two week high of $33.20. The company’s 50 day moving average price is $32.10 and its 200 day moving average price is $32.07.

SPDR Bloomberg International Corporate Bond ETF Company Profile

SPDR Barclays International Corporate Bond ETF (the Fund), formerly SPDR Barclays Capital International Corporate Bond ETF, seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Global Aggregate ex-USD > $1B: Corporate Bond Index (the Index), an index that tracks the investment-grade corporate sector of the global bond market outside of the United States. The Index is designed to be a broad based measure of the global investment-grade, fixed-rate, fixed-income corporate markets outside the United States.