Short Interest in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Declines By 39.2%

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 3,703,122 shares, a drop of 39.2% from the February 12th total of 6,090,117 shares. Based on an average daily trading volume, of 4,951,576 shares, the short-interest ratio is currently 0.7 days. Currently, 1.2% of the shares of the company are sold short. Currently, 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 4,951,576 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of SPDR Portfolio Intermediate Term Corporate Bond ETF

Several large investors have recently made changes to their positions in SPIB. Elyxium Wealth LLC purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the fourth quarter worth $28,000. Triumph Capital Management acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the third quarter valued at $28,000. Fortitude Family Office LLC purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the third quarter valued at $29,000. First Community Trust NA purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the third quarter valued at $32,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 2nd quarter worth about $34,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Trading Down 0.2%

Shares of SPDR Portfolio Intermediate Term Corporate Bond ETF stock traded down $0.06 on Friday, reaching $33.44. 17,967,312 shares of the stock were exchanged, compared to its average volume of 7,293,639. SPDR Portfolio Intermediate Term Corporate Bond ETF has a twelve month low of $32.38 and a twelve month high of $34.14. The business has a 50 day moving average price of $33.88 and a two-hundred day moving average price of $33.87.

SPDR Portfolio Intermediate Term Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1234 per share. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, March 2nd. This is a positive change from SPDR Portfolio Intermediate Term Corporate Bond ETF’s previous monthly dividend of $0.12.

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.