SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB – Get Free Report) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 3,583,178 shares, a decrease of 40.7% from the June 15th total of 6,042,366 shares. Based on an average daily volume of 8,038,323 shares, the short-interest ratio is currently 0.4 days. Approximately 1.0% of the company’s stock are short sold.
SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Down 0.1%
Shares of SPIB stock traded down $0.02 during mid-day trading on Thursday, reaching $33.26. 1,558,453 shares of the company were exchanged, compared to its average volume of 7,878,313. The business’s 50 day simple moving average is $33.37 and its 200 day simple moving average is $33.61. SPDR Portfolio Intermediate Term Corporate Bond ETF has a fifty-two week low of $33.13 and a fifty-two week high of $34.14.
Institutional Investors Weigh In On SPDR Portfolio Intermediate Term Corporate Bond ETF
Institutional investors have recently modified their holdings of the stock. American Family Investments Inc. bought a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter valued at about $178,108,000. Ameriprise Financial Inc. lifted its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 88.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,407,199 shares of the company’s stock worth $181,617,000 after buying an additional 2,537,710 shares during the last quarter. RMG Wealth Management LLC acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 1st quarter worth approximately $29,366,000. JPMorgan Chase & Co. grew its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 381.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 792,394 shares of the company’s stock worth $26,854,000 after acquiring an additional 627,933 shares in the last quarter. Finally, Manning & Napier Advisors LLC increased its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 320.9% in the 1st quarter. Manning & Napier Advisors LLC now owns 628,376 shares of the company’s stock valued at $21,076,000 after acquiring an additional 479,097 shares during the last quarter.
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.
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