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

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 619,800 shares, a decrease of 28.6% from the September 30th total of 868,300 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average trading volume of 3,534,100 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 3,534,100 shares, the short-interest ratio is currently 0.2 days. Currently, 1.5% of the shares of the stock are sold short.

Institutional Trading of SPDR Portfolio Long Term Corporate Bond ETF

Hedge funds have recently bought and sold shares of the business. Raleigh Capital Management Inc. raised its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 12.0% in the 2nd quarter. Raleigh Capital Management Inc. now owns 95,032 shares of the company’s stock valued at $2,145,000 after acquiring an additional 10,203 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 10.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,621 shares of the company’s stock valued at $172,000 after buying an additional 729 shares during the period. Bank of New York Mellon Corp grew its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 7.2% in the 1st quarter. Bank of New York Mellon Corp now owns 280,992 shares of the company’s stock valued at $6,342,000 after buying an additional 18,798 shares during the period. Harbour Investments Inc. grew its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 22.6% in the 2nd quarter. Harbour Investments Inc. now owns 64,527 shares of the company’s stock valued at $1,456,000 after buying an additional 11,915 shares during the period. Finally, Austin Private Wealth LLC grew its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 82.7% in the 2nd quarter. Austin Private Wealth LLC now owns 205,918 shares of the company’s stock valued at $4,648,000 after buying an additional 93,206 shares during the period.

SPDR Portfolio Long Term Corporate Bond ETF Stock Down 1.0%

SPLB stock traded down $0.24 during mid-day trading on Monday, reaching $22.81. The company’s stock had a trading volume of 4,617,674 shares, compared to its average volume of 2,804,414. SPDR Portfolio Long Term Corporate Bond ETF has a fifty-two week low of $21.01 and a fifty-two week high of $23.63. The company’s 50 day moving average is $23.11 and its two-hundred day moving average is $22.49.

About SPDR Portfolio Long Term Corporate Bond ETF

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.