SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB – Get Free Report) was the target of a large drop in short interest in April. As of April 15th, there was short interest totaling 6,981,209 shares, a drop of 23.6% from the March 31st total of 9,142,000 shares. Based on an average daily trading volume, of 8,114,710 shares, the days-to-cover ratio is currently 0.9 days. Currently, 2.1% of the shares of the stock are short sold.
SPDR Portfolio Intermediate Term Corporate Bond ETF Trading Down 0.3%
SPIB traded down $0.09 during trading on Wednesday, reaching $33.51. 6,424,789 shares of the company traded hands, compared to its average volume of 8,258,537. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 12-month low of $32.91 and a 12-month high of $34.14. The firm has a fifty day simple moving average of $33.67 and a 200 day simple moving average of $33.80.
Institutional Investors Weigh In On SPDR Portfolio Intermediate Term Corporate Bond ETF
Institutional investors have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter valued at approximately $28,000. Triumph Capital Management purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 3rd quarter valued at approximately $28,000. Fortitude Family Office LLC purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 3rd quarter valued at approximately $29,000. WFA of San Diego LLC purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 2nd quarter valued at approximately $40,000. Finally, Horizon Investments LLC purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter valued at approximately $45,000.
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.
Further Reading
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