SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Short Interest Up 36.3% in December

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 5,336,662 shares, an increase of 36.3% from the December 15th total of 3,914,846 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average daily volume of 2,138,073 shares, the short-interest ratio is presently 2.5 days. Based on an average daily volume of 2,138,073 shares, the short-interest ratio is presently 2.5 days. Approximately 1.9% of the company’s shares are sold short.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of SPSB stock traded down $0.01 on Monday, hitting $30.22. The stock had a trading volume of 1,454,485 shares, compared to its average volume of 1,981,962. SPDR Portfolio Short Term Corporate Bond ETF has a twelve month low of $29.74 and a twelve month high of $30.34. The company has a fifty day moving average price of $30.21 and a two-hundred day moving average price of $30.20.

Institutional Investors Weigh In On SPDR Portfolio Short Term Corporate Bond ETF

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 28.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 32,109,859 shares of the company’s stock valued at $969,397,000 after purchasing an additional 7,071,441 shares during the period. Creative Planning lifted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 7.5% in the third quarter. Creative Planning now owns 48,756,348 shares of the company’s stock valued at $1,476,830,000 after buying an additional 3,401,784 shares in the last quarter. Allstate Corp boosted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 99.4% in the third quarter. Allstate Corp now owns 4,375,565 shares of the company’s stock valued at $132,536,000 after buying an additional 2,181,050 shares during the period. Envestnet Asset Management Inc. increased its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 19.1% during the third quarter. Envestnet Asset Management Inc. now owns 4,620,146 shares of the company’s stock worth $139,944,000 after acquiring an additional 741,369 shares in the last quarter. Finally, First Command Advisory Services Inc. raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 706.6% during the third quarter. First Command Advisory Services Inc. now owns 803,793 shares of the company’s stock worth $24,347,000 after acquiring an additional 704,139 shares during the period.

About SPDR Portfolio Short Term Corporate Bond ETF

The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Treasury index. The fund tracks a market-value-weighted index of fixed-rate investment-grade nonconvertible US corporate bonds with 1-3 years remaining in maturity. SPSB was launched on Dec 16, 2009 and is managed by State Street.