SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Sees Significant Increase in Short Interest

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 7,793,899 shares, an increase of 117.5% from the June 30th total of 3,583,178 shares. Based on an average daily trading volume, of 5,607,991 shares, the days-to-cover ratio is presently 1.4 days. Currently, 2.3% of the shares of the stock are short sold.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

Shares of SPDR Portfolio Intermediate Term Corporate Bond ETF stock traded up $0.03 on Thursday, reaching $33.16. 12,887,181 shares of the stock were exchanged, compared to its average volume of 7,729,881. The firm’s 50 day moving average is $33.33 and its 200-day moving average is $33.56. SPDR Portfolio Intermediate Term Corporate Bond ETF has a one year low of $33.03 and a one year high of $34.14.

Hedge Funds Weigh In On SPDR Portfolio Intermediate Term Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Crews Bank & Trust raised its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 10.6% during the fourth quarter. Crews Bank & Trust now owns 733,009 shares of the company’s stock worth $24,783,000 after acquiring an additional 70,549 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 19.4% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 675,373 shares of the company’s stock worth $22,834,000 after purchasing an additional 109,875 shares in the last quarter. Foster & Motley Inc. lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 30.6% in the 1st quarter. Foster & Motley Inc. now owns 356,638 shares of the company’s stock valued at $11,962,000 after purchasing an additional 83,475 shares during the last quarter. Burns Matteson Capital Management LLC boosted its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 59.9% in the fourth quarter. Burns Matteson Capital Management LLC now owns 269,322 shares of the company’s stock valued at $9,106,000 after buying an additional 100,840 shares in the last quarter. Finally, Manning & Napier Advisors LLC increased its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 320.9% during the first quarter. Manning & Napier Advisors LLC now owns 628,376 shares of the company’s stock worth $21,076,000 after buying an additional 479,097 shares in the last quarter.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, fixed-rate taxable US corporate bonds with a maturity of at least one year, but no more than 10 years. SPIB was launched on Feb 10, 2009 and is managed by State Street.