SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB – Get Free Report) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 4,294,614 shares, a drop of 38.5% from the April 15th total of 6,981,209 shares. Based on an average daily trading volume, of 8,700,419 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.3% of the shares of the company are sold short.
SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Down 0.3%
Shares of NYSEARCA SPIB traded down $0.10 during mid-day trading on Friday, reaching $33.30. The company had a trading volume of 6,151,599 shares, compared to its average volume of 8,253,066. SPDR Portfolio Intermediate Term Corporate Bond ETF has a one year low of $32.92 and a one year high of $34.14. The business’s 50-day simple moving average is $33.54 and its 200 day simple moving average is $33.76.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of SPIB. Baird Financial Group Inc. increased its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.9% in the second quarter. Baird Financial Group Inc. now owns 15,370 shares of the company’s stock worth $516,000 after purchasing an additional 719 shares during the period. NewEdge Advisors LLC increased its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 0.7% in the second quarter. NewEdge Advisors LLC now owns 80,410 shares of the company’s stock worth $2,700,000 after purchasing an additional 582 shares during the period. Ameriprise Financial Inc. increased its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 88.4% in the second quarter. Ameriprise Financial Inc. now owns 5,407,199 shares of the company’s stock worth $181,617,000 after purchasing an additional 2,537,710 shares during the period. WFA of San Diego LLC bought a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter worth $40,000. Finally, Fidelity D & D Bancorp Inc. increased its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 10.2% in the second quarter. Fidelity D & D Bancorp Inc. now owns 203,346 shares of the company’s stock worth $6,828,000 after purchasing an additional 18,739 shares during the period.
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.
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