SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB – Get Free Report) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 3,852,656 shares, a decrease of 45.3% from the August 15th total of 7,041,128 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 4,518,139 shares, the days-to-cover ratio is currently 0.9 days.
SPDR Portfolio Short Term Corporate Bond ETF Stock Performance
SPDR Portfolio Short Term Corporate Bond ETF stock remained flat at $29.67 during midday trading on Wednesday. 23,891,870 shares of the company traded hands, compared to its average volume of 3,955,940. The stock’s fifty day moving average price is $29.88 and its 200-day moving average price is $29.97. SPDR Portfolio Short Term Corporate Bond ETF has a 52-week low of $29.66 and a 52-week high of $30.34.
Hedge Funds Weigh In On SPDR Portfolio Short Term Corporate Bond ETF
Several large investors have recently made changes to their positions in SPSB. Brown Lisle Cummings Inc. lifted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 300.3% during the second quarter. Brown Lisle Cummings Inc. now owns 1,397 shares of the company’s stock worth $42,000 after purchasing an additional 1,048 shares in the last quarter. AlphaCore Capital LLC boosted its position in SPDR Portfolio Short Term Corporate Bond ETF by 48.0% in the 4th quarter. AlphaCore Capital LLC now owns 1,807 shares of the company’s stock valued at $55,000 after buying an additional 586 shares during the period. EverSource Wealth Advisors LLC boosted its position in SPDR Portfolio Short Term Corporate Bond ETF by 106.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,028 shares of the company’s stock valued at $61,000 after buying an additional 1,046 shares during the period. Root Financial Partners LLC grew its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 112.2% in the first quarter. Root Financial Partners LLC now owns 2,368 shares of the company’s stock worth $71,000 after acquiring an additional 1,252 shares in the last quarter. Finally, Nalls Sherbakoff Group LLC acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter worth $76,000.
About SPDR Portfolio Short Term Corporate Bond ETF
The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Treasury index. The fund tracks a market-value-weighted index of fixed-rate investment-grade nonconvertible US corporate bonds with 1-3 years remaining in maturity. SPSB was launched on Dec 16, 2009 and is managed by State Street.
See Also
- Five stocks we like better than SPDR Portfolio Short Term Corporate Bond ETF
- 3 Luxury Consumer Brands to Watch in a Beaten-Down Sector
- Jackson’s Record Quarter Powers the Bull Case
- Holiday Shopping Is Almost Here—And Target May Be Ready to Win Big
- AI Panic Hit Tech Stocks—But NVIDIA’s Growth Engine Is Intact
Receive News & Ratings for SPDR Portfolio Short Term Corporate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Portfolio Short Term Corporate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
