Short Interest in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Declines By 39.2%

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 3,703,122 shares, a decrease of 39.2% from the February 12th total of 6,090,117 shares. Based on an average trading volume of 4,951,576 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.2% of the company’s shares are sold short. Approximately 1.2% of the company’s shares are sold short. Based on an average trading volume of 4,951,576 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SPIB. Community Bank N.A. increased its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.0% in the fourth quarter. Community Bank N.A. now owns 36,854 shares of the company’s stock valued at $1,246,000 after buying an additional 360 shares during the period. Fifth Third Securities Inc. lifted its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.5% in the fourth quarter. Fifth Third Securities Inc. now owns 26,732 shares of the company’s stock worth $904,000 after acquiring an additional 405 shares during the period. Alteri Wealth LLC lifted its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 6.0% in the fourth quarter. Alteri Wealth LLC now owns 9,872 shares of the company’s stock worth $334,000 after acquiring an additional 556 shares during the period. NewEdge Advisors LLC boosted its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 0.7% in the second quarter. NewEdge Advisors LLC now owns 80,410 shares of the company’s stock valued at $2,700,000 after acquiring an additional 582 shares during the last quarter. Finally, Crestwood Advisors Group LLC boosted its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.0% in the fourth quarter. Crestwood Advisors Group LLC now owns 63,171 shares of the company’s stock valued at $2,136,000 after acquiring an additional 619 shares during the last quarter.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

Shares of SPIB stock traded down $0.06 during trading hours on Friday, hitting $33.44. 17,967,312 shares of the company’s stock traded hands, compared to its average volume of 7,293,639. The stock’s 50 day simple moving average is $33.88 and its 200 day simple moving average is $33.87. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 12 month low of $32.38 and a 12 month high of $34.14.

SPDR Portfolio Intermediate Term Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.1234 dividend. The ex-dividend date was Monday, March 2nd. This is a positive change from SPDR Portfolio Intermediate Term Corporate Bond ETF’s previous monthly dividend of $0.12. This represents a c) dividend on an annualized basis and a yield of 4.4%.

About SPDR Portfolio Intermediate Term Corporate Bond ETF

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.