SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB – Get Free Report) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 351,961 shares, a drop of 43.1% from the June 30th total of 618,042 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 2,656,290 shares, the short-interest ratio is currently 0.1 days.
Institutional Investors Weigh In On SPDR Portfolio Aggregate Bond ETF
Institutional investors and hedge funds have recently modified their holdings of the company. Franklin Resources Inc. acquired a new stake in SPDR Portfolio Aggregate Bond ETF during the 2nd quarter valued at approximately $26,000. Gould Capital LLC purchased a new stake in SPDR Portfolio Aggregate Bond ETF in the third quarter valued at $26,000. Kingdom Financial Group LLC. acquired a new stake in SPDR Portfolio Aggregate Bond ETF during the 4th quarter worth about $27,000. Johnson Financial Group Inc. acquired a new stake in SPDR Portfolio Aggregate Bond ETF during the 1st quarter worth about $27,000. Finally, Godfrey Financial Associates Inc. purchased a new position in shares of SPDR Portfolio Aggregate Bond ETF during the 4th quarter valued at about $29,000.
SPDR Portfolio Aggregate Bond ETF Stock Performance
SPAB traded down $0.05 on Friday, reaching $25.11. 5,967,379 shares of the stock were exchanged, compared to its average volume of 3,232,417. The company’s 50-day moving average price is $25.37 and its 200 day moving average price is $25.59. SPDR Portfolio Aggregate Bond ETF has a fifty-two week low of $25.06 and a fifty-two week high of $26.17.
About SPDR Portfolio Aggregate Bond ETF
The SPDR Portfolio Aggregate Bond ETF (SPAB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks a market value-weighted index of the aggregate USD-denominated investment-grade bond market with at least one year to maturity. SPAB was launched on May 23, 2007 and is managed by State Street.
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