Short Interest in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Rises By 53.7%

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 5,692,002 shares, an increase of 53.7% from the February 26th total of 3,703,122 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average daily volume of 12,028,842 shares, the short-interest ratio is presently 0.5 days.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

Shares of SPIB stock opened at $33.30 on Friday. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 12-month low of $32.38 and a 12-month high of $34.14. The firm has a fifty day moving average of $33.80 and a 200-day moving average of $33.85.

SPDR Portfolio Intermediate Term Corporate Bond ETF Increases Dividend

The firm 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 $0.1234 per share. This is a boost from SPDR Portfolio Intermediate Term Corporate Bond ETF’s previous monthly dividend of $0.12. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, March 2nd.

Institutional Investors Weigh In On SPDR Portfolio Intermediate Term Corporate Bond ETF

Several large investors have recently modified their holdings of SPIB. Elyxium Wealth LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the fourth quarter worth about $28,000. Triumph Capital Management acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 3rd quarter valued at approximately $28,000. Fortitude Family Office LLC acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 3rd quarter valued at approximately $29,000. First Community Trust NA bought a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 3rd quarter worth approximately $32,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 2nd quarter worth approximately $34,000.

About SPDR Portfolio Intermediate Term Corporate Bond ETF

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.