Short Interest in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Expands By 1,026.8%

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 946,480 shares, an increase of 1,026.8% from the January 29th total of 83,999 shares. Based on an average daily volume of 3,805,198 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 3,805,198 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of SPDR Portfolio Aggregate Bond ETF

Several institutional investors have recently modified their holdings of the company. Investments & Financial Planning LLC lifted its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 10.7% during the fourth quarter. Investments & Financial Planning LLC now owns 18,133 shares of the company’s stock valued at $467,000 after purchasing an additional 1,748 shares during the last quarter. TMB Capital Partners LLC purchased a new stake in shares of SPDR Portfolio Aggregate Bond ETF in the fourth quarter worth approximately $1,603,000. Axxcess Wealth Management LLC boosted its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 81.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 33,146 shares of the company’s stock worth $854,000 after purchasing an additional 14,919 shares during the period. Corient Private Wealth LLC purchased a new position in SPDR Portfolio Aggregate Bond ETF during the fourth quarter valued at approximately $19,029,000. Finally, Mercer Global Advisors Inc. ADV grew its position in SPDR Portfolio Aggregate Bond ETF by 22.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,981 shares of the company’s stock valued at $257,000 after purchasing an additional 1,849 shares in the last quarter.

SPDR Portfolio Aggregate Bond ETF Stock Performance

SPAB stock traded up $0.04 during midday trading on Thursday, reaching $26.09. The company had a trading volume of 865,948 shares, compared to its average volume of 3,521,942. The stock has a 50 day moving average price of $25.84 and a 200 day moving average price of $25.84. SPDR Portfolio Aggregate Bond ETF has a fifty-two week low of $24.82 and a fifty-two week high of $26.16.

SPDR Portfolio Aggregate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a $0.082 dividend. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, February 2nd.

About SPDR Portfolio Aggregate Bond ETF

The SPDR Portfolio Aggregate Bond ETF (SPAB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks a market value-weighted index of the aggregate USD-denominated investment-grade bond market with at least one year to maturity. SPAB was launched on May 23, 2007 and is managed by State Street.