SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Short Interest Update

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 97,386 shares, a growth of 30.4% from the February 26th total of 74,672 shares. Based on an average trading volume of 116,784 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.7% of the company’s shares are sold short.

SPDR Bloomberg International Corporate Bond ETF Stock Performance

Shares of SPDR Bloomberg International Corporate Bond ETF stock traded down $0.19 during trading on Monday, reaching $30.67. 196,604 shares of the stock were exchanged, compared to its average volume of 152,925. SPDR Bloomberg International Corporate Bond ETF has a 1 year low of $29.31 and a 1 year high of $33.20. The stock’s fifty day moving average is $32.05 and its 200 day moving average is $32.03.

SPDR Bloomberg International Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.0653 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 2.6%.

Institutional Trading of SPDR Bloomberg International Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its position in shares of SPDR Bloomberg International Corporate Bond ETF by 35.1% during the third quarter. Envestnet Asset Management Inc. now owns 89,507 shares of the company’s stock valued at $2,890,000 after purchasing an additional 23,276 shares in the last quarter. Lam Group Inc. boosted its holdings in shares of SPDR Bloomberg International Corporate Bond ETF by 23.1% during the 3rd quarter. Lam Group Inc. now owns 280,855 shares of the company’s stock valued at $9,069,000 after buying an additional 52,665 shares in the last quarter. Lifestyle Asset Management Inc. purchased a new stake in SPDR Bloomberg International Corporate Bond ETF in the third quarter worth about $14,752,000. Israel Discount Bank of New York bought a new stake in shares of SPDR Bloomberg International Corporate Bond ETF in the 3rd quarter worth approximately $2,078,000. Finally, Synergy Asset Management LLC boosted its position in shares of SPDR Bloomberg International Corporate Bond ETF by 100.0% in the 3rd quarter. Synergy Asset Management LLC now owns 234,496 shares of the company’s stock worth $7,642,000 after purchasing an additional 117,248 shares in the last quarter.

About SPDR Bloomberg International Corporate Bond ETF

SPDR Barclays International Corporate Bond ETF (the Fund), formerly SPDR Barclays Capital International Corporate Bond ETF, seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Global Aggregate ex-USD > $1B: Corporate Bond Index (the Index), an index that tracks the investment-grade corporate sector of the global bond market outside of the United States. The Index is designed to be a broad based measure of the global investment-grade, fixed-rate, fixed-income corporate markets outside the United States.