SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) Sees Significant Growth in Short Interest

SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 188,887 shares, a growth of 118.3% from the April 15th total of 86,524 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 362,741 shares, the short-interest ratio is currently 0.5 days.

SPDR Bloomberg Emerging Markets Local Bond ETF Stock Performance

EBND stock traded down $0.23 during trading on Friday, hitting $20.70. The company had a trading volume of 105,200 shares, compared to its average volume of 482,555. SPDR Bloomberg Emerging Markets Local Bond ETF has a 1-year low of $20.36 and a 1-year high of $21.94. The firm has a 50-day moving average price of $20.96 and a 200-day moving average price of $21.27.

Hedge Funds Weigh In On SPDR Bloomberg Emerging Markets Local Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp increased its position in SPDR Bloomberg Emerging Markets Local Bond ETF by 1.6% during the 4th quarter. State Street Corp now owns 2,527,233 shares of the company’s stock worth $54,007,000 after purchasing an additional 40,984 shares during the period. Comerica Bank increased its position in SPDR Bloomberg Emerging Markets Local Bond ETF by 17,042.9% during the 4th quarter. Comerica Bank now owns 861,772 shares of the company’s stock worth $18,416,000 after purchasing an additional 856,745 shares during the period. LPL Financial LLC increased its position in SPDR Bloomberg Emerging Markets Local Bond ETF by 2.2% during the 4th quarter. LPL Financial LLC now owns 853,429 shares of the company’s stock worth $18,238,000 after purchasing an additional 18,067 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in SPDR Bloomberg Emerging Markets Local Bond ETF by 0.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 772,574 shares of the company’s stock worth $16,510,000 after purchasing an additional 3,084 shares during the period. Finally, Bank of America Corp DE increased its position in SPDR Bloomberg Emerging Markets Local Bond ETF by 10.7% during the 3rd quarter. Bank of America Corp DE now owns 539,971 shares of the company’s stock worth $11,534,000 after purchasing an additional 52,196 shares during the period.

SPDR Bloomberg Emerging Markets Local Bond ETF Company Profile

SPDR Barclays Emerging Markets Local Bond ETF (Fund) seeks to provide investment results that correspond to the price and yield performance of the Index that tracks the fixed-rate local currency sovereign debt of emerging market countries. The Index is designed to measure the performance of the fixed-rate local currency sovereign debt of emerging market countries. The Index includes government bonds issued by countries outside the United States, in local currencies, that have a remaining maturity of one year or more and are rated B3/B-/B- or higher using the middle rating of Moody’s Investor Service, Inc, Standard & Poor’s, Inc and Fitch Inc SSgA Funds Management, Inc serves as the investment adviser to the Fund.