SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sees Large Decline in Short Interest

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 286,238 shares, a drop of 55.8% from the May 31st total of 647,760 shares. Based on an average trading volume of 2,120,317 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

SPDR Portfolio Aggregate Bond ETF Price Performance

Shares of SPDR Portfolio Aggregate Bond ETF stock opened at $25.61 on Monday. SPDR Portfolio Aggregate Bond ETF has a 12-month low of $25.14 and a 12-month high of $26.17. The stock has a 50 day moving average price of $25.48 and a two-hundred day moving average price of $25.67.

Institutional Trading of SPDR Portfolio Aggregate Bond ETF

Several large investors have recently modified their holdings of the company. Franklin Resources Inc. bought a new position in SPDR Portfolio Aggregate Bond ETF in the 2nd quarter worth $26,000. Gould Capital LLC bought a new stake in SPDR Portfolio Aggregate Bond ETF during the third quarter valued at about $26,000. Johnson Financial Group Inc. bought a new stake in SPDR Portfolio Aggregate Bond ETF during the first quarter valued at about $27,000. Kingdom Financial Group LLC. acquired a new stake in shares of SPDR Portfolio Aggregate Bond ETF in the fourth quarter valued at about $27,000. Finally, Godfrey Financial Associates Inc. acquired a new stake in shares of SPDR Portfolio Aggregate Bond ETF in the fourth quarter valued at about $29,000.

About SPDR Portfolio Aggregate Bond ETF

The SPDR Portfolio Aggregate Bond ETF (SPAB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks a market value-weighted index of the aggregate USD-denominated investment-grade bond market with at least one year to maturity. SPAB was launched on May 23, 2007 and is managed by State Street.