SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB – Get Free Report) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,612,636 shares, an increase of 193.1% from the June 15th total of 550,256 shares. Approximately 3.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,417,497 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Trading of SPDR Portfolio Long Term Corporate Bond ETF
Several institutional investors have recently modified their holdings of the stock. HF Advisory Group LLC raised its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 6.8% during the 2nd quarter. HF Advisory Group LLC now owns 15,418 shares of the company’s stock worth $345,000 after purchasing an additional 982 shares during the last quarter. Roan Capital Partners boosted its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 7.0% in the 2nd quarter. Roan Capital Partners now owns 175,836 shares of the company’s stock worth $3,939,000 after buying an additional 11,496 shares during the last quarter. Rockland Trust Co. increased its stake in SPDR Portfolio Long Term Corporate Bond ETF by 4.7% during the 2nd quarter. Rockland Trust Co. now owns 2,029,619 shares of the company’s stock worth $45,463,000 after buying an additional 90,227 shares in the last quarter. Midwest Financial Network LLC raised its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 29.7% during the second quarter. Midwest Financial Network LLC now owns 37,626 shares of the company’s stock valued at $843,000 after acquiring an additional 8,623 shares during the last quarter. Finally, WealthPoint Financial LLC acquired a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF during the first quarter valued at approximately $308,000.
SPDR Portfolio Long Term Corporate Bond ETF Trading Down 0.7%
Shares of NYSEARCA:SPLB traded down $0.15 during midday trading on Monday, reaching $21.74. 2,902,053 shares of the company’s stock traded hands, compared to its average volume of 4,117,389. The company has a fifty day simple moving average of $22.25 and a two-hundred day simple moving average of $22.46. SPDR Portfolio Long Term Corporate Bond ETF has a 1 year low of $21.69 and a 1 year high of $23.59.
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.
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