SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Significant Growth in Short Interest

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 13,869 shares, a growth of 192.3% from the September 30th total of 4,745 shares. Based on an average daily volume of 45,285 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

SPDR SSgA Ultra Short Term Bond ETF Trading Up 0.0%

NYSEARCA:ULST opened at $40.31 on Friday. SPDR SSgA Ultra Short Term Bond ETF has a 12 month low of $40.11 and a 12 month high of $40.70. The business’s 50-day moving average is $40.26 and its 200 day moving average is $40.39.

Institutional Trading of SPDR SSgA Ultra Short Term Bond ETF

Large investors have recently added to or reduced their stakes in the company. BIP Wealth LLC lifted its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 6.1% in the 3rd quarter. BIP Wealth LLC now owns 705,431 shares of the company’s stock valued at $28,390,000 after acquiring an additional 40,329 shares during the last quarter. Bank of America Corp DE increased its stake in SPDR SSgA Ultra Short Term Bond ETF by 6.5% during the first quarter. Bank of America Corp DE now owns 277,650 shares of the company’s stock worth $11,245,000 after acquiring an additional 16,998 shares during the last quarter. David Kennon Inc increased its stake in SPDR SSgA Ultra Short Term Bond ETF by 0.8% during the third quarter. David Kennon Inc now owns 106,986 shares of the company’s stock worth $4,306,000 after acquiring an additional 879 shares during the last quarter. Norris Financial Group LLC bought a new stake in SPDR SSgA Ultra Short Term Bond ETF during the first quarter worth approximately $4,305,000. Finally, Kraft Davis & Associates LLC purchased a new stake in SPDR SSgA Ultra Short Term Bond ETF during the second quarter valued at approximately $4,228,000.

SPDR SSgA Ultra Short Term Bond ETF Company Profile

The SPDR SSgA Ultra Short Term Bond ETF (ULST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months. ULST was launched on Oct 9, 2013 and is managed by State Street.