SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Short Interest Up 1,904.6% in June

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 18,863 shares, a growth of 1,904.6% from the June 15th total of 941 shares. Based on an average daily volume of 43,489 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

Shares of NYSEARCA:ULST remained flat at $40.33 during midday trading on Friday. The stock had a trading volume of 40,319 shares, compared to its average volume of 120,949. SPDR SSgA Ultra Short Term Bond ETF has a 1 year low of $40.20 and a 1 year high of $40.72. The stock’s 50 day moving average price is $40.38 and its 200 day moving average price is $40.47.

Hedge Funds Weigh In On SPDR SSgA Ultra Short Term Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of ULST. AQR Capital Management LLC boosted its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 28.6% during the 1st quarter. AQR Capital Management LLC now owns 105,984 shares of the company’s stock valued at $4,308,000 after acquiring an additional 23,540 shares during the last quarter. NewEdge Advisors LLC lifted its position in SPDR SSgA Ultra Short Term Bond ETF by 45.4% during the first quarter. NewEdge Advisors LLC now owns 16,130 shares of the company’s stock valued at $656,000 after purchasing an additional 5,038 shares during the period. Geneos Wealth Management Inc. bought a new position in SPDR SSgA Ultra Short Term Bond ETF during the first quarter valued at approximately $37,000. Jane Street Group LLC lifted its position in SPDR SSgA Ultra Short Term Bond ETF by 349.1% during the second quarter. Jane Street Group LLC now owns 78,904 shares of the company’s stock valued at $3,208,000 after purchasing an additional 61,333 shares during the period. Finally, Bank of America Corp DE boosted its holdings in SPDR SSgA Ultra Short Term Bond ETF by 36.3% in the second quarter. Bank of America Corp DE now owns 273,743 shares of the company’s stock worth $11,130,000 after purchasing an additional 72,900 shares during the last quarter.

SPDR SSgA Ultra Short Term Bond ETF Company Profile

The SPDR SSgA Ultra Short Term Bond ETF (ULST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months. ULST was launched on Oct 9, 2013 and is managed by State Street.