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

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 6,042,366 shares, an increase of 80.8% from the May 31st total of 3,341,633 shares. Based on an average daily trading volume, of 8,220,459 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.8% of the company’s shares are sold short.

Institutional Trading of SPDR Portfolio Intermediate Term Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in SPIB. Elyxium Wealth LLC purchased a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the fourth quarter valued at about $28,000. Triumph Capital Management purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the third quarter worth about $28,000. WFA of San Diego LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter valued at about $40,000. Horizon Investments LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the fourth quarter valued at about $45,000. Finally, Nemes Rush Group LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter valued at about $104,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

SPDR Portfolio Intermediate Term Corporate Bond ETF stock opened at $33.36 on Friday. The firm has a fifty day moving average of $33.42 and a 200-day moving average of $33.65. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 52-week low of $33.15 and a 52-week high of $34.14.

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.