SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB – Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 284,396 shares, a decline of 79.3% from the October 15th total of 1,372,990 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 3,546,559 shares, the days-to-cover ratio is presently 0.1 days.
SPDR Portfolio Aggregate Bond ETF Stock Performance
SPAB stock traded down $0.14 during trading hours on Thursday, hitting $24.55. The company’s stock had a trading volume of 1,321,158 shares, compared to its average volume of 3,342,997. SPDR Portfolio Aggregate Bond ETF has a 12 month low of $24.17 and a 12 month high of $26.17. The stock has a 50 day moving average price of $24.65 and a two-hundred day moving average price of $25.29.
Institutional Investors Weigh In On SPDR Portfolio Aggregate Bond ETF
Several institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp increased its position in SPDR Portfolio Aggregate Bond ETF by 75.1% during the third quarter. State Street Corp now owns 25,427,199 shares of the company’s stock worth $619,407,000 after buying an additional 10,902,223 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC bought a new stake in shares of SPDR Portfolio Aggregate Bond ETF during the 3rd quarter worth about $257,427,000. AlphaStar Capital Management LLC acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the 3rd quarter valued at about $69,286,000. Gradient Investments LLC acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the 3rd quarter valued at about $59,872,000. Finally, UNIVEST FINANCIAL Corp acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the 3rd quarter valued at about $55,787,000.
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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