SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB – Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 2,939,484 shares, a decrease of 55.6% from the September 15th total of 6,627,679 shares. Based on an average daily trading volume, of 9,146,474 shares, the short-interest ratio is presently 0.3 days. Currently, 0.8% of the shares of the company are sold short.
SPDR Portfolio Short Term Corporate Bond ETF Price Performance
SPSB stock remained flat at $29.61 during trading on Tuesday. The company had a trading volume of 2,139,142 shares, compared to its average volume of 4,111,232. The company has a fifty day simple moving average of $29.77 and a 200-day simple moving average of $29.91. SPDR Portfolio Short Term Corporate Bond ETF has a 1 year low of $29.45 and a 1 year high of $30.34.
Institutional Investors Weigh In On SPDR Portfolio Short Term Corporate Bond ETF
Large investors have recently modified their holdings of the stock. Valmark Advisers Inc. raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 4.5% during the 1st quarter. Valmark Advisers Inc. now owns 9,127,167 shares of the company’s stock worth $274,454,000 after buying an additional 389,971 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 52.9% in the first quarter. Bank of America Corp DE now owns 7,436,338 shares of the company’s stock valued at $223,611,000 after acquiring an additional 2,573,239 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 11.1% in the second quarter. Baird Financial Group Inc. now owns 6,659,159 shares of the company’s stock valued at $199,841,000 after acquiring an additional 663,851 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 11.2% in the second quarter. Envestnet Asset Management Inc. now owns 5,899,175 shares of the company’s stock valued at $177,034,000 after acquiring an additional 593,008 shares in the last quarter. Finally, State Street Corp increased its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 8.3% during the second quarter. State Street Corp now owns 3,530,180 shares of the company’s stock worth $105,941,000 after acquiring an additional 269,832 shares during the period.
SPDR Portfolio Short Term Corporate Bond ETF Company Profile
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.
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