SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Short Interest Update

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 6,627,679 shares, an increase of 72.0% from the August 31st total of 3,852,656 shares. Based on an average trading volume of 9,583,814 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.8% of the company’s stock are sold short.

Institutional Trading of SPDR Portfolio Short Term Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brown Lisle Cummings Inc. lifted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 300.3% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 1,397 shares of the company’s stock worth $42,000 after buying an additional 1,048 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in SPDR Portfolio Short Term Corporate Bond ETF by 106.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,028 shares of the company’s stock worth $61,000 after acquiring an additional 1,046 shares in the last quarter. Root Financial Partners LLC lifted its position in SPDR Portfolio Short Term Corporate Bond ETF by 112.2% in the first quarter. Root Financial Partners LLC now owns 2,368 shares of the company’s stock valued at $71,000 after acquiring an additional 1,252 shares during the last quarter. Nalls Sherbakoff Group LLC acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter valued at $76,000. Finally, Webster Bank N. A. acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF in the first quarter valued at $96,000.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of NYSEARCA SPSB opened at $29.54 on Friday. The stock’s 50-day simple moving average is $29.82 and its 200-day simple moving average is $29.93. SPDR Portfolio Short Term Corporate Bond ETF has a fifty-two week low of $29.45 and a fifty-two week high of $30.34.

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.