SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Get Free Report) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 3,510,430 shares, an increase of 1,581.4% from the June 15th total of 208,777 shares. Currently, 4.8% of the shares of the company are sold short. Based on an average trading volume of 898,245 shares, the days-to-cover ratio is currently 3.9 days.
SPDR Portfolio Corporate Bond ETF Stock Down 0.2%
Shares of NYSEARCA SPBO traded down $0.05 during mid-day trading on Friday, hitting $28.70. The company had a trading volume of 776,987 shares, compared to its average volume of 688,275. SPDR Portfolio Corporate Bond ETF has a 12 month low of $28.57 and a 12 month high of $29.93. The business’s 50-day simple moving average is $28.94 and its 200-day simple moving average is $29.17.
Institutional Investors Weigh In On SPDR Portfolio Corporate Bond ETF
A number of institutional investors have recently made changes to their positions in the company. Arkansas Financial Group Inc. boosted its stake in shares of SPDR Portfolio Corporate Bond ETF by 12.6% in the 4th quarter. Arkansas Financial Group Inc. now owns 820,153 shares of the company’s stock worth $24,063,000 after buying an additional 91,532 shares during the last quarter. Mach 1 Financial Group LLC purchased a new position in SPDR Portfolio Corporate Bond ETF during the fourth quarter valued at approximately $1,166,000. Valmark Advisers Inc. increased its stake in SPDR Portfolio Corporate Bond ETF by 75.1% in the 4th quarter. Valmark Advisers Inc. now owns 358,456 shares of the company’s stock worth $10,517,000 after acquiring an additional 153,695 shares during the last quarter. Summit Financial Wealth Advisors LLC raised its position in shares of SPDR Portfolio Corporate Bond ETF by 12.1% during the 4th quarter. Summit Financial Wealth Advisors LLC now owns 1,027,716 shares of the company’s stock valued at $30,153,000 after buying an additional 110,788 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its position in SPDR Portfolio Corporate Bond ETF by 24.1% in the 1st quarter. Ritholtz Wealth Management now owns 100,235 shares of the company’s stock worth $2,910,000 after buying an additional 19,451 shares during the last quarter.
About SPDR Portfolio Corporate Bond ETF
The SPDR Portfolio Corporate Bond ETF (SPBO) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals. SPBO was launched on Apr 6, 2011 and is managed by State Street.
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