SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Sees Large Decline in Short Interest

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 95,212 shares, a decrease of 54.1% from the September 15th total of 207,291 shares. Based on an average daily volume of 89,258 shares, the short-interest ratio is currently 1.1 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp bought a new position in shares of SPDR Bloomberg International Corporate Bond ETF during the 1st quarter valued at approximately $26,000. Dynamic Advisor Solutions LLC purchased a new stake in SPDR Bloomberg International Corporate Bond ETF in the 2nd quarter worth approximately $213,000. Fiduciary Financial Group LLC purchased a new stake in SPDR Bloomberg International Corporate Bond ETF in the 2nd quarter worth approximately $234,000. Red Lighthouse Investment Management LLC raised its stake in SPDR Bloomberg International Corporate Bond ETF by 9.8% during the 2nd quarter. Red Lighthouse Investment Management LLC now owns 9,780 shares of the company’s stock worth $305,000 after acquiring an additional 869 shares during the period. Finally, Roman Butler Fullerton & Co. bought a new stake in SPDR Bloomberg International Corporate Bond ETF during the 1st quarter worth approximately $308,000.

SPDR Bloomberg International Corporate Bond ETF Stock Performance

Shares of IBND traded up $0.14 on Thursday, reaching $29.70. The company’s stock had a trading volume of 60,629 shares, compared to its average volume of 107,968. The stock’s 50 day simple moving average is $30.56 and its two-hundred day simple moving average is $31.04. SPDR Bloomberg International Corporate Bond ETF has a 12-month low of $29.41 and a 12-month high of $33.20.

About SPDR Bloomberg International Corporate Bond ETF

SPDR Barclays International Corporate Bond ETF (the Fund), formerly SPDR Barclays Capital International Corporate Bond ETF, seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Global Aggregate ex-USD > $1B: Corporate Bond Index (the Index), an index that tracks the investment-grade corporate sector of the global bond market outside of the United States. The Index is designed to be a broad based measure of the global investment-grade, fixed-rate, fixed-income corporate markets outside the United States.