SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Short Interest Up 127.0% in May

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 21,143 shares, a growth of 127.0% from the May 14th total of 9,314 shares. Based on an average trading volume of 78,468 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

SPDR Bloomberg International Corporate Bond ETF Stock Performance

Shares of IBND stock opened at $31.45 on Monday. The stock has a 50 day moving average of $31.55 and a two-hundred day moving average of $31.85. SPDR Bloomberg International Corporate Bond ETF has a 12 month low of $30.65 and a 12 month high of $33.20.

Institutional Trading of SPDR Bloomberg International Corporate Bond ETF

Hedge funds have recently modified their holdings of the company. Israel Discount Bank of New York bought a new position in shares of SPDR Bloomberg International Corporate Bond ETF during the 3rd quarter worth approximately $2,078,000. Farther Finance Advisors LLC lifted its position in shares of SPDR Bloomberg International Corporate Bond ETF by 26.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,285,819 shares of the company’s stock worth $41,288,000 after buying an additional 272,654 shares during the period. Aspect Partners LLC bought a new position in shares of SPDR Bloomberg International Corporate Bond ETF during the 4th quarter worth approximately $2,038,000. PNC Financial Services Group Inc. bought a new position in shares of SPDR Bloomberg International Corporate Bond ETF during the 3rd quarter worth approximately $758,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of SPDR Bloomberg International Corporate Bond ETF by 35.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 89,507 shares of the company’s stock worth $2,890,000 after buying an additional 23,276 shares during the period.

SPDR Bloomberg International Corporate Bond ETF Company Profile

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.