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

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 574,337 shares, an increase of 111.0% from the March 15th total of 272,151 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 7,942,247 shares, the short-interest ratio is presently 0.1 days.

SPDR Portfolio Long Term Corporate Bond ETF Stock Performance

Shares of SPDR Portfolio Long Term Corporate Bond ETF stock traded up $0.15 during midday trading on Monday, hitting $22.45. The company’s stock had a trading volume of 4,704,787 shares, compared to its average volume of 5,155,307. The stock has a 50-day simple moving average of $22.53 and a 200-day simple moving average of $22.78. SPDR Portfolio Long Term Corporate Bond ETF has a 1-year low of $21.26 and a 1-year high of $23.59.

Hedge Funds Weigh In On SPDR Portfolio Long Term Corporate Bond ETF

A number of hedge funds have recently modified their holdings of SPLB. State Street Corp increased its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 265.4% in the fourth quarter. State Street Corp now owns 3,231,031 shares of the company’s stock worth $72,957,000 after acquiring an additional 2,346,749 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the third quarter worth $23,055,000. Envestnet Portfolio Solutions Inc. bought a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the fourth quarter worth $8,660,000. LPL Financial LLC boosted its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 17.1% in the fourth quarter. LPL Financial LLC now owns 2,402,379 shares of the company’s stock worth $54,246,000 after purchasing an additional 351,072 shares in the last quarter. Finally, Passumpsic Savings Bank bought a new stake in SPDR Portfolio Long Term Corporate Bond ETF during the fourth quarter valued at about $7,353,000.

SPDR Portfolio Long Term Corporate Bond ETF Company Profile

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.