SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Short Interest Update

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 496,856 shares, a growth of 64.2% from the January 29th total of 302,521 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 4,506,231 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 4,506,231 shares, the short-interest ratio is currently 0.1 days. Approximately 0.9% of the shares of the stock are sold short.

SPDR Portfolio Long Term Corporate Bond ETF Price Performance

Shares of NYSEARCA SPLB traded down $0.02 during mid-day trading on Friday, reaching $23.01. 2,917,871 shares of the company traded hands, compared to its average volume of 3,888,474. SPDR Portfolio Long Term Corporate Bond ETF has a fifty-two week low of $21.01 and a fifty-two week high of $23.59. The stock has a fifty day simple moving average of $22.78 and a 200-day simple moving average of $22.90.

SPDR Portfolio Long Term Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.103 per share. This is a boost from SPDR Portfolio Long Term Corporate Bond ETF’s previous monthly dividend of $0.10. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 5.4%.

Institutional Trading of SPDR Portfolio Long Term Corporate Bond ETF

Several institutional investors have recently modified their holdings of the company. Transce3nd LLC boosted its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 68.6% in the second quarter. Transce3nd LLC now owns 1,214 shares of the company’s stock worth $27,000 after buying an additional 494 shares during the period. Advisory Services Network LLC purchased a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 3rd quarter valued at approximately $29,000. Richard W. Paul & Associates LLC boosted its stake in SPDR Portfolio Long Term Corporate Bond ETF by 373.4% in the 4th quarter. Richard W. Paul & Associates LLC now owns 1,671 shares of the company’s stock worth $38,000 after purchasing an additional 1,318 shares during the period. International Assets Investment Management LLC purchased a new position in SPDR Portfolio Long Term Corporate Bond ETF during the 4th quarter worth approximately $41,000. Finally, Smartleaf Asset Management LLC raised its stake in SPDR Portfolio Long Term Corporate Bond ETF by 91.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,372 shares of the company’s stock valued at $53,000 after purchasing an additional 1,134 shares during the period.

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.