SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Short Interest Up 276.4% in May

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,274,019 shares, an increase of 276.4% from the April 30th total of 604,189 shares. Currently, 3.9% of the company’s stock are short sold. Based on an average daily volume of 3,036,011 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SPLB. Austin Private Wealth LLC purchased a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF during the 4th quarter worth approximately $1,449,000. Assetmark Inc. lifted its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 231.9% during the 4th quarter. Assetmark Inc. now owns 221,120 shares of the company’s stock worth $4,993,000 after buying an additional 154,493 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 399.7% during the 4th quarter. Farther Finance Advisors LLC now owns 34,753 shares of the company’s stock worth $785,000 after buying an additional 27,798 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF during the 4th quarter worth approximately $8,660,000. Finally, Van Strum & Towne Inc. lifted its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 11.2% during the 4th quarter. Van Strum & Towne Inc. now owns 266,938 shares of the company’s stock worth $6,027,000 after buying an additional 26,850 shares during the last quarter.

SPDR Portfolio Long Term Corporate Bond ETF Trading Up 0.4%

NYSEARCA:SPLB traded up $0.08 during midday trading on Friday, reaching $22.50. The company had a trading volume of 751,212 shares, compared to its average volume of 4,531,916. The stock’s fifty day simple moving average is $22.24 and its 200-day simple moving average is $22.57. SPDR Portfolio Long Term Corporate Bond ETF has a 12-month low of $21.69 and a 12-month high of $23.59.

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.