SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Sees Significant Increase in Short Interest

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 4,202,682 shares, a growth of 46.1% from the December 15th total of 2,876,180 shares. Based on an average daily volume of 3,840,927 shares, the short-interest ratio is currently 1.1 days. Approximately 1.3% of the company’s shares are short sold. Approximately 1.3% of the company’s shares are short sold. Based on an average daily volume of 3,840,927 shares, the short-interest ratio is currently 1.1 days.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Down 0.1%

NYSEARCA:SPIB opened at $33.83 on Friday. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 12 month low of $32.38 and a 12 month high of $34.08. The company has a 50-day moving average price of $33.84 and a 200-day moving average price of $33.76.

Hedge Funds Weigh In On SPDR Portfolio Intermediate Term Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GoalVest Advisory LLC lifted its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 8.2% in the third quarter. GoalVest Advisory LLC now owns 568,062 shares of the company’s stock valued at $19,252,000 after buying an additional 43,119 shares during the last quarter. Crews Bank & Trust grew its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 18.4% in the 3rd quarter. Crews Bank & Trust now owns 662,460 shares of the company’s stock worth $22,451,000 after acquiring an additional 102,871 shares during the period. Parallel Advisors LLC raised its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 336.2% during the second quarter. Parallel Advisors LLC now owns 3,459 shares of the company’s stock worth $116,000 after purchasing an additional 2,666 shares during the last quarter. Davidson Trust Co. grew its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 35.3% in the second quarter. Davidson Trust Co. now owns 27,328 shares of the company’s stock valued at $918,000 after purchasing an additional 7,127 shares during the last quarter. Finally, Alteri Wealth LLC acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 2nd quarter worth approximately $202,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, fixed-rate taxable US corporate bonds with a maturity of at least one year, but no more than 10 years. SPIB was launched on Feb 10, 2009 and is managed by State Street.