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

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLBGet Free Report) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 272,151 shares, a decrease of 34.3% from the February 26th total of 414,073 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 6,011,962 shares, the short-interest ratio is presently 0.0 days.

SPDR Portfolio Long Term Corporate Bond ETF Trading Up 1.0%

NYSEARCA:SPLB traded up $0.22 during trading hours on Monday, reaching $22.05. The company had a trading volume of 5,244,423 shares, compared to its average volume of 4,971,042. The firm’s 50 day moving average price is $22.61 and its 200-day moving average price is $22.84. 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 Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.1005 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 5.5%.

Institutional Investors Weigh In On SPDR Portfolio Long Term Corporate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp grew its position in SPDR Portfolio Long Term Corporate Bond ETF by 265.4% during the fourth quarter. State Street Corp now owns 3,231,031 shares of the company’s stock valued at $72,957,000 after buying an additional 2,346,749 shares during the period. Thrivent Financial for Lutherans bought a new stake in SPDR Portfolio Long Term Corporate Bond ETF during the third quarter valued at about $23,055,000. Envestnet Portfolio Solutions Inc. purchased a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the fourth quarter worth about $8,660,000. LPL Financial LLC increased its position in SPDR Portfolio Long Term Corporate Bond ETF by 17.1% in the fourth quarter. LPL Financial LLC now owns 2,402,379 shares of the company’s stock worth $54,246,000 after buying an additional 351,072 shares in the last quarter. Finally, Passumpsic Savings Bank bought a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF in the fourth quarter worth about $7,353,000.

SPDR Portfolio Long Term Corporate Bond ETF Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for SPDR Portfolio Long Term Corporate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Portfolio Long Term Corporate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.