SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sees Significant Increase in Short Interest

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 618,042 shares, a growth of 115.9% from the June 15th total of 286,238 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 2,017,212 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SPAB. Brookwood Investment Group LLC boosted its holdings in SPDR Portfolio Aggregate Bond ETF by 4.2% in the 4th quarter. Brookwood Investment Group LLC now owns 9,719 shares of the company’s stock valued at $250,000 after purchasing an additional 389 shares during the last quarter. Rossby Financial LCC grew its stake in shares of SPDR Portfolio Aggregate Bond ETF by 43.5% in the 4th quarter. Rossby Financial LCC now owns 1,293 shares of the company’s stock valued at $33,000 after buying an additional 392 shares during the period. Gould Capital LLC increased its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 44.0% during the 4th quarter. Gould Capital LLC now owns 1,440 shares of the company’s stock worth $37,000 after buying an additional 440 shares during the last quarter. CGN Advisors LLC increased its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 0.4% during the 4th quarter. CGN Advisors LLC now owns 114,909 shares of the company’s stock worth $2,959,000 after buying an additional 495 shares during the last quarter. Finally, Garrett Wealth Advisory Group LLC raised its position in shares of SPDR Portfolio Aggregate Bond ETF by 2.7% during the 4th quarter. Garrett Wealth Advisory Group LLC now owns 19,326 shares of the company’s stock valued at $498,000 after buying an additional 516 shares during the period.

SPDR Portfolio Aggregate Bond ETF Stock Performance

Shares of SPAB traded down $0.02 during trading hours on Thursday, hitting $25.30. The stock had a trading volume of 1,531,689 shares, compared to its average volume of 3,355,948. The firm has a 50-day moving average price of $25.41 and a 200 day moving average price of $25.63. SPDR Portfolio Aggregate Bond ETF has a fifty-two week low of $25.14 and a fifty-two week high of $26.17.

About SPDR Portfolio Aggregate Bond ETF

The SPDR Portfolio Aggregate Bond ETF (SPAB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks a market value-weighted index of the aggregate USD-denominated investment-grade bond market with at least one year to maturity. SPAB was launched on May 23, 2007 and is managed by State Street.