Short Interest in SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Declines By 16.7%

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 414,073 shares, a decrease of 16.7% from the February 12th total of 496,856 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 2,986,711 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 2,986,711 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.8% of the company’s shares are short sold.

Institutional Trading of SPDR Portfolio Long Term Corporate Bond ETF

A number of hedge funds have recently modified their holdings of the company. Transce3nd LLC boosted its stake in SPDR Portfolio Long Term Corporate Bond ETF by 68.6% during the 2nd quarter. Transce3nd LLC now owns 1,214 shares of the company’s stock worth $27,000 after acquiring an additional 494 shares during the last quarter. Advisory Services Network LLC acquired a new position in SPDR Portfolio Long Term Corporate Bond ETF during the third quarter valued at approximately $29,000. Richard W. Paul & Associates LLC increased its stake in SPDR Portfolio Long Term Corporate Bond ETF by 373.4% in the fourth quarter. Richard W. Paul & Associates LLC now owns 1,671 shares of the company’s stock valued at $38,000 after purchasing an additional 1,318 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the fourth quarter worth $41,000. Finally, Smartleaf Asset Management LLC raised its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 91.6% in the second quarter. Smartleaf Asset Management LLC now owns 2,372 shares of the company’s stock worth $53,000 after purchasing an additional 1,134 shares during the period.

SPDR Portfolio Long Term Corporate Bond ETF Stock Up 0.9%

Shares of SPDR Portfolio Long Term Corporate Bond ETF stock traded up $0.20 during trading on Tuesday, reaching $22.30. 4,875,458 shares of the company were exchanged, compared to its average volume of 4,404,442. The business has a 50-day moving average price of $22.74 and a 200-day moving average price of $22.89. SPDR Portfolio Long Term Corporate Bond ETF has a twelve month low of $21.01 and a twelve month high of $23.59.

SPDR Portfolio Long Term Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.1005 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 5.4%.

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.