SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND – Get Free Report) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 95,212 shares, a decrease of 54.1% from the September 15th total of 207,291 shares. Based on an average trading volume of 89,258 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.6% of the company’s shares are short sold.
Hedge Funds Weigh In On SPDR Bloomberg International Corporate Bond ETF
Several institutional investors and hedge funds have recently modified their holdings of IBND. Farther Finance Advisors LLC increased its stake in SPDR Bloomberg International Corporate Bond ETF by 14.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,356,092 shares of the company’s stock worth $70,400,000 after purchasing an additional 304,171 shares in the last quarter. Checchi Capital Advisers LLC raised its holdings in SPDR Bloomberg International Corporate Bond ETF by 0.5% during the 1st quarter. Checchi Capital Advisers LLC now owns 709,148 shares of the company’s stock worth $22,040,000 after buying an additional 3,725 shares during the period. Lodestar Private Asset Management LLC lifted its stake in SPDR Bloomberg International Corporate Bond ETF by 10.6% in the first quarter. Lodestar Private Asset Management LLC now owns 622,167 shares of the company’s stock valued at $19,337,000 after buying an additional 59,534 shares in the last quarter. Bank of America Corp DE lifted its stake in SPDR Bloomberg International Corporate Bond ETF by 46.0% in the first quarter. Bank of America Corp DE now owns 367,731 shares of the company’s stock valued at $11,429,000 after buying an additional 115,833 shares in the last quarter. Finally, State Street Corp lifted its stake in SPDR Bloomberg International Corporate Bond ETF by 10.9% in the second quarter. State Street Corp now owns 238,685 shares of the company’s stock valued at $7,442,000 after buying an additional 23,489 shares in the last quarter.
SPDR Bloomberg International Corporate Bond ETF Trading Down 0.3%
Shares of NYSEARCA IBND traded down $0.09 during mid-day trading on Wednesday, reaching $29.56. 41,963 shares of the company’s stock were exchanged, compared to its average volume of 108,208. The business has a fifty day simple moving average of $30.59 and a 200 day simple moving average of $31.05. SPDR Bloomberg International Corporate Bond ETF has a twelve month low of $29.41 and a twelve month high of $33.20.
About SPDR Bloomberg International Corporate Bond ETF
SPDR Barclays International Corporate Bond ETF (the Fund), formerly SPDR Barclays Capital International Corporate Bond ETF, seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Global Aggregate ex-USD > $1B: Corporate Bond Index (the Index), an index that tracks the investment-grade corporate sector of the global bond market outside of the United States. The Index is designed to be a broad based measure of the global investment-grade, fixed-rate, fixed-income corporate markets outside the United States.
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