SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Short Interest Down 40.7% in June

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 3,583,178 shares, a drop of 40.7% from the June 15th total of 6,042,366 shares. Based on an average trading volume of 8,038,323 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.0% of the company’s stock are short sold.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

SPIB remained flat at $33.27 during midday trading on Friday. The company’s stock had a trading volume of 3,378,246 shares, compared to its average volume of 7,857,830. The stock has a 50 day moving average of $33.36 and a two-hundred day moving average of $33.61. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 1 year low of $33.13 and a 1 year high of $34.14.

Institutional Trading of SPDR Portfolio Intermediate Term Corporate Bond ETF

Institutional investors have recently made changes to their positions in the company. Community Bank N.A. lifted its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.0% during the fourth quarter. Community Bank N.A. now owns 36,854 shares of the company’s stock valued at $1,246,000 after purchasing an additional 360 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,469 shares of the company’s stock valued at $283,000 after purchasing an additional 373 shares during the last quarter. OLD Second National Bank of Aurora raised its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 7.6% in the first quarter. OLD Second National Bank of Aurora now owns 5,684 shares of the company’s stock worth $191,000 after acquiring an additional 400 shares during the period. Fifth Third Securities Inc. lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.5% in the fourth quarter. Fifth Third Securities Inc. now owns 26,732 shares of the company’s stock valued at $904,000 after purchasing an additional 405 shares during the last quarter. Finally, Alteri Wealth LLC grew its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 6.0% during the 4th quarter. Alteri Wealth LLC now owns 9,872 shares of the company’s stock worth $334,000 after acquiring an additional 556 shares during the period.

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.