SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Short Interest Update

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 249,508 shares, a decline of 37.8% from the April 15th total of 401,341 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 738,231 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On SPDR Portfolio Corporate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of SPBO. Bank of America Corp DE lifted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 2.7% during the 2nd quarter. Bank of America Corp DE now owns 2,702,160 shares of the company’s stock worth $78,957,000 after acquiring an additional 71,447 shares during the period. Corient Private Wealth LLC increased its holdings in SPDR Portfolio Corporate Bond ETF by 100.0% in the second quarter. Corient Private Wealth LLC now owns 63,644 shares of the company’s stock worth $1,860,000 after purchasing an additional 31,822 shares in the last quarter. Ritholtz Wealth Management lifted its stake in SPDR Portfolio Corporate Bond ETF by 2.8% in the third quarter. Ritholtz Wealth Management now owns 80,313 shares of the company’s stock valued at $2,380,000 after buying an additional 2,172 shares during the period. Detalus Advisors LLC boosted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 10.0% during the 3rd quarter. Detalus Advisors LLC now owns 14,472 shares of the company’s stock worth $429,000 after buying an additional 1,313 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC grew its position in shares of SPDR Portfolio Corporate Bond ETF by 8.7% during the 3rd quarter. Quadrant Private Wealth Management LLC now owns 39,862 shares of the company’s stock worth $1,181,000 after buying an additional 3,206 shares during the period.

SPDR Portfolio Corporate Bond ETF Price Performance

SPDR Portfolio Corporate Bond ETF stock traded down $0.17 during mid-day trading on Friday, reaching $28.76. 300,882 shares of the company were exchanged, compared to its average volume of 648,533. The company has a fifty day simple moving average of $29.05 and a 200-day simple moving average of $29.33. SPDR Portfolio Corporate Bond ETF has a 12 month low of $28.28 and a 12 month high of $29.93.

About SPDR Portfolio Corporate Bond ETF

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.