SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Short Interest Update

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 3,341,633 shares, a decrease of 48.0% from the May 14th total of 6,421,794 shares. Based on an average daily trading volume, of 6,637,211 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.0% of the company’s shares are sold short.

SPDR Portfolio Intermediate Term Corporate Bond ETF Trading Down 0.1%

Shares of NYSEARCA SPIB traded down $0.02 during midday trading on Friday, hitting $33.40. The company’s stock had a trading volume of 5,545,818 shares, compared to its average volume of 8,135,541. The business’s 50 day moving average is $33.48 and its two-hundred day moving average is $33.69. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 12-month low of $33.15 and a 12-month high of $34.14.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Elyxium Wealth LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the fourth quarter worth approximately $28,000. Triumph Capital Management purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the third quarter worth approximately $28,000. WFA of San Diego LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter worth approximately $40,000. Horizon Investments LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the fourth quarter worth approximately $45,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the third quarter worth approximately $66,000.

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.