Short Interest in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Decreases By 16.7%

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 4,934,843 shares, a drop of 16.7% from the January 15th total of 5,923,329 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily volume of 2,645,408 shares, the short-interest ratio is presently 1.9 days. Based on an average daily volume of 2,645,408 shares, the short-interest ratio is presently 1.9 days. Approximately 1.7% of the shares of the company are sold short.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

NYSEARCA:SPSB traded up $0.02 during midday trading on Monday, hitting $30.29. 1,959,843 shares of the stock were exchanged, compared to its average volume of 2,325,871. The business has a 50-day moving average price of $30.22 and a two-hundred day moving average price of $30.22. SPDR Portfolio Short Term Corporate Bond ETF has a one year low of $29.74 and a one year high of $30.34.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.1079 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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

Hedge funds have recently modified their holdings of the stock. First Command Advisory Services Inc. raised its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 706.6% in 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 last quarter. Bfsg LLC boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 118.5% in the 3rd quarter. Bfsg LLC now owns 33,499 shares of the company’s stock valued at $1,015,000 after purchasing an additional 18,170 shares during the last quarter. Gilbert Capital Group Inc. acquired a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 2nd quarter worth approximately $2,078,000. Intrua Financial LLC bought a new position in SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at approximately $861,000. Finally, Atria Investments Inc boosted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 29.3% in the third quarter. Atria Investments Inc now owns 544,819 shares of the company’s stock valued at $16,503,000 after buying an additional 123,621 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.