SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sees Large Decrease in Short Interest

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 550,256 shares, a decline of 69.3% from the May 31st total of 1,789,877 shares. Based on an average daily volume of 2,781,801 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.9% of the company’s stock are sold short.

SPDR Portfolio Long Term Corporate Bond ETF Price Performance

SPLB stock traded down $0.04 during midday trading on Friday, hitting $22.54. The stock had a trading volume of 1,601,293 shares, compared to its average volume of 4,217,854. The business has a 50-day moving average of $22.30 and a two-hundred day moving average of $22.50. SPDR Portfolio Long Term Corporate Bond ETF has a 52-week low of $21.69 and a 52-week high of $23.59.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Advisory Services Network LLC purchased a new position in SPDR Portfolio Long Term Corporate Bond ETF during the 3rd quarter valued at about $29,000. Fifth Third Bancorp bought a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF during the first quarter valued at approximately $31,000. Richard W. Paul & Associates LLC increased its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 373.4% during the fourth quarter. Richard W. Paul & Associates LLC now owns 1,671 shares of the company’s stock valued at $38,000 after purchasing an additional 1,318 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF during the fourth quarter valued at approximately $41,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 91.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,372 shares of the company’s stock worth $53,000 after purchasing an additional 1,134 shares in the last quarter.

About SPDR Portfolio Long Term Corporate Bond ETF

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.