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

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 397,621 shares, a decline of 55.0% from the July 30th total of 883,319 shares. Based on an average daily trading volume, of 5,041,673 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

SPDR Portfolio Aggregate Bond ETF Trading Down 0.1%

Shares of SPDR Portfolio Aggregate Bond ETF stock traded down $0.03 during midday trading on Monday, hitting $25.09. The company had a trading volume of 711,785 shares, compared to its average volume of 3,258,448. The business’s 50 day simple moving average is $25.25 and its two-hundred day simple moving average is $25.49. SPDR Portfolio Aggregate Bond ETF has a 1-year low of $25.03 and a 1-year high of $26.17.

Institutional Trading of SPDR Portfolio Aggregate Bond ETF

A number of hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the second quarter valued at about $26,000. Gould Capital LLC acquired a new stake in SPDR Portfolio Aggregate Bond ETF during the third quarter worth about $26,000. Johnson Financial Group Inc. acquired a new stake in SPDR Portfolio Aggregate Bond ETF during the first quarter worth about $27,000. Kingdom Financial Group LLC. bought a new position in SPDR Portfolio Aggregate Bond ETF during the fourth quarter valued at about $27,000. Finally, Compass Financial Management LLC bought a new position in SPDR Portfolio Aggregate Bond ETF during the second quarter valued at about $29,000.

SPDR Portfolio Aggregate Bond ETF Company Profile

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.