SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Get Free Report) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 238,540 shares, a drop of 93.2% from the June 30th total of 3,510,430 shares. Based on an average daily volume of 620,856 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the company’s stock are sold short.
Institutional Investors Weigh In On SPDR Portfolio Corporate Bond ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. North Dakota State Investment Board bought a new position in shares of SPDR Portfolio Corporate Bond ETF during the fourth quarter worth about $31,953,000. Ameriprise Financial Inc. lifted its position in SPDR Portfolio Corporate Bond ETF by 15.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,339,315 shares of the company’s stock valued at $217,450,000 after purchasing an additional 988,964 shares during the last quarter. Assetmark Inc. boosted its stake in SPDR Portfolio Corporate Bond ETF by 47.0% during the 1st quarter. Assetmark Inc. now owns 2,170,235 shares of the company’s stock valued at $63,002,000 after purchasing an additional 694,327 shares during the period. Tradewinds Capital Management LLC grew its position in SPDR Portfolio Corporate Bond ETF by 491.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 755,118 shares of the company’s stock worth $22,155,000 after purchasing an additional 627,359 shares during the last quarter. Finally, Asset Management One Co. Ltd. bought a new position in SPDR Portfolio Corporate Bond ETF in the 4th quarter worth about $10,376,000.
SPDR Portfolio Corporate Bond ETF Stock Performance
Shares of SPBO traded up $0.01 during trading on Friday, reaching $28.45. The company’s stock had a trading volume of 303,646 shares, compared to its average volume of 666,719. SPDR Portfolio Corporate Bond ETF has a twelve month low of $28.40 and a twelve month high of $29.93. The company has a fifty day moving average of $28.87 and a two-hundred day moving average of $29.12.
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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