Short Interest in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Decreases By 38.5%

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 4,294,614 shares, a decline of 38.5% from the April 15th total of 6,981,209 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily volume of 8,700,419 shares, the days-to-cover ratio is presently 0.5 days.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Down 0.3%

SPIB stock traded down $0.09 during mid-day trading on Tuesday, hitting $33.17. The company had a trading volume of 1,235,124 shares, compared to its average volume of 8,136,972. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 12-month low of $32.92 and a 12-month high of $34.14. The company has a 50-day moving average price of $33.53 and a 200 day moving average price of $33.75.

Institutional Trading of SPDR Portfolio Intermediate Term Corporate Bond ETF

Hedge funds have recently bought and sold shares of the stock. Strategic Investment Advisors MI increased its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 71.7% in the 1st quarter. Strategic Investment Advisors MI now owns 204,494 shares of the company’s stock worth $6,855,000 after buying an additional 85,383 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 1st quarter worth about $1,976,000. EverSource Wealth Advisors LLC increased its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 99.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 11,952 shares of the company’s stock worth $401,000 after buying an additional 5,951 shares during the last quarter. RMG Wealth Management LLC bought a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 1st quarter worth about $29,366,000. Finally, Dynamic Wealth Strategies LLC increased its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 11.1% in the 1st quarter. Dynamic Wealth Strategies LLC now owns 57,506 shares of the company’s stock worth $1,929,000 after buying an additional 5,736 shares during the last quarter.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

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.