SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,352,940 shares, an increase of 187.0% from the September 15th total of 471,476 shares. Based on an average daily volume of 2,987,867 shares, the days-to-cover ratio is presently 0.5 days. Approximately 2.3% of the shares of the stock are short sold.
SPDR Portfolio Long Term Corporate Bond ETF Trading Up 0.0%
SPLB stock traded up $0.01 during midday trading on Tuesday, reaching $20.50. The stock had a trading volume of 2,168,017 shares, compared to its average volume of 3,711,674. SPDR Portfolio Long Term Corporate Bond ETF has a 52-week low of $20.09 and a 52-week high of $23.59. The company’s fifty day simple moving average is $21.08 and its 200 day simple moving average is $21.78.
Hedge Funds Weigh In On SPDR Portfolio Long Term Corporate Bond ETF
Several hedge funds and other institutional investors have recently modified their holdings of SPLB. Midwest Financial Network LLC boosted its stake in SPDR Portfolio Long Term Corporate Bond ETF by 38.4% during the third quarter. Midwest Financial Network LLC now owns 52,089 shares of the company’s stock worth $1,062,000 after buying an additional 14,463 shares during the last quarter. HF Advisory Group LLC grew its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 8.1% in the 3rd quarter. HF Advisory Group LLC now owns 16,669 shares of the company’s stock valued at $340,000 after buying an additional 1,251 shares in the last quarter. Roan Capital Partners increased its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 5.1% in the 3rd quarter. Roan Capital Partners now owns 184,855 shares of the company’s stock worth $3,767,000 after acquiring an additional 9,019 shares during the last quarter. Balefire LLC increased its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 109.3% in the 3rd quarter. Balefire LLC now owns 20,899 shares of the company’s stock worth $426,000 after acquiring an additional 10,916 shares during the last quarter. Finally, LifeGoal Investments LLC increased its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 103.0% in the 3rd quarter. LifeGoal Investments LLC now owns 23,653 shares of the company’s stock worth $482,000 after acquiring an additional 11,999 shares during the last quarter.
About SPDR Portfolio Long Term Corporate Bond ETF
The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.
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