SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST – Get Free Report) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 18,863 shares, an increase of 1,904.6% from the June 15th total of 941 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 43,489 shares, the days-to-cover ratio is presently 0.4 days.
SPDR SSgA Ultra Short Term Bond ETF Price Performance
Shares of NYSEARCA:ULST remained flat at $40.33 during trading on Friday. The stock had a trading volume of 40,319 shares, compared to its average volume of 120,949. SPDR SSgA Ultra Short Term Bond ETF has a 1 year low of $40.20 and a 1 year high of $40.72. The business’s 50-day moving average price is $40.38 and its 200-day moving average price is $40.47.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ULST. Trilogy Capital Inc. raised its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 4.1% in the first quarter. Trilogy Capital Inc. now owns 10,080 shares of the company’s stock worth $408,000 after acquiring an additional 400 shares during the period. Steward Partners Investment Advisory LLC increased its stake in SPDR SSgA Ultra Short Term Bond ETF by 2.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 18,434 shares of the company’s stock worth $747,000 after buying an additional 418 shares in the last quarter. CGN Advisors LLC raised its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 1.6% during the fourth quarter. CGN Advisors LLC now owns 28,376 shares of the company’s stock valued at $1,149,000 after acquiring an additional 441 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 8.6% during the third quarter. Ameriprise Financial Inc. now owns 6,201 shares of the company’s stock valued at $252,000 after acquiring an additional 492 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of SPDR SSgA Ultra Short Term Bond ETF in the fourth quarter valued at approximately $36,000.
SPDR SSgA Ultra Short Term Bond ETF Company Profile
The SPDR SSgA Ultra Short Term Bond ETF (ULST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months. ULST was launched on Oct 9, 2013 and is managed by State Street.
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