SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sees Significant Growth in Short Interest

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,612,636 shares, an increase of 193.1% from the June 15th total of 550,256 shares. Based on an average trading volume of 2,417,497 shares, the days-to-cover ratio is presently 0.7 days. Currently, 3.1% of the shares of the stock are short sold.

SPDR Portfolio Long Term Corporate Bond ETF Price Performance

Shares of NYSEARCA SPLB traded up $0.07 during trading on Wednesday, hitting $21.85. 152,307 shares of the company were exchanged, compared to its average volume of 4,080,004. SPDR Portfolio Long Term Corporate Bond ETF has a 1 year low of $21.69 and a 1 year high of $23.59. The firm’s fifty day moving average price is $22.24 and its 200 day moving average price is $22.45.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 265.4% during the 4th quarter. State Street Corp now owns 3,231,031 shares of the company’s stock worth $72,957,000 after acquiring an additional 2,346,749 shares during the period. Sona Asset Management US LLC purchased a new stake in SPDR Portfolio Long Term Corporate Bond ETF during the 1st quarter worth $52,106,000. Cetera Investment Advisers boosted its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 303.0% in the first quarter. Cetera Investment Advisers now owns 518,888 shares of the company’s stock worth $11,530,000 after buying an additional 390,127 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the fourth quarter valued at approximately $8,660,000. Finally, LPL Financial LLC grew its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 17.1% during the 4th quarter. LPL Financial LLC now owns 2,402,379 shares of the company’s stock valued at $54,246,000 after purchasing an additional 351,072 shares in the last quarter.

SPDR Portfolio Long Term Corporate Bond ETF Company Profile

The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.