SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB – Get Free Report) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 6,042,366 shares, an increase of 80.8% from the May 31st total of 3,341,633 shares. Currently, 1.8% of the shares of the company are short sold. Based on an average daily trading volume, of 8,220,459 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Investors Weigh In On SPDR Portfolio Intermediate Term Corporate Bond ETF
A number of hedge funds and other institutional investors have recently modified their holdings of SPIB. American Family Investments Inc. purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter valued at approximately $178,108,000. Ameriprise Financial Inc. lifted 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 valued at $181,617,000 after acquiring an additional 2,537,710 shares in the last quarter. RMG Wealth Management LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the first quarter valued at $29,366,000. JPMorgan Chase & Co. boosted its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 381.8% during the third quarter. JPMorgan Chase & Co. now owns 792,394 shares of the company’s stock valued at $26,854,000 after acquiring an additional 627,933 shares during the last quarter. Finally, Manning & Napier Advisors LLC increased its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 320.9% during the 1st quarter. Manning & Napier Advisors LLC now owns 628,376 shares of the company’s stock worth $21,076,000 after purchasing an additional 479,097 shares in the last quarter.
SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance
Shares of NYSEARCA:SPIB opened at $33.36 on Friday. The company has a 50-day moving average price of $33.42 and a 200 day moving average price of $33.64. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 52 week low of $33.15 and a 52 week high of $34.14.
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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