SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Short Interest Down 27.7% in January

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 3,039,137 shares, a drop of 27.7% from the December 31st total of 4,202,682 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily volume of 7,402,862 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 7,402,862 shares, the short-interest ratio is presently 0.4 days. Currently, 1.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Triumph Capital Management acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the third quarter worth $29,000. First Community Trust NA purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the third quarter worth $32,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter worth $34,000. Finally, WFA of San Diego LLC purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter valued at $40,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Trading Down 0.4%

NYSEARCA SPIB traded down $0.14 on Monday, reaching $33.77. 2,523,532 shares of the stock traded hands, compared to its average volume of 6,629,059. The company has a fifty day moving average price of $33.85 and a 200-day moving average price of $33.81. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 12 month low of $32.38 and a 12 month high of $34.08.

SPDR Portfolio Intermediate Term Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be paid a dividend of $0.1212 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date is Monday, February 2nd.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, fixed-rate taxable US corporate bonds with a maturity of at least one year, but no more than 10 years. SPIB was launched on Feb 10, 2009 and is managed by State Street.