SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sees Large Decline in Short Interest

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 286,238 shares, a decline of 55.8% from the May 31st total of 647,760 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 2,120,317 shares, the days-to-cover ratio is presently 0.1 days.

SPDR Portfolio Aggregate Bond ETF Stock Performance

NYSEARCA:SPAB opened at $25.61 on Monday. The stock’s 50 day moving average price is $25.48 and its 200 day moving average price is $25.67. SPDR Portfolio Aggregate Bond ETF has a 52 week low of $25.14 and a 52 week high of $26.17.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. State Street Corp lifted its stake in shares of SPDR Portfolio Aggregate Bond ETF by 103.7% in the 2nd quarter. State Street Corp now owns 23,633,736 shares of the company’s stock valued at $605,024,000 after purchasing an additional 12,031,034 shares during the last quarter. LPL Financial LLC increased its position in SPDR Portfolio Aggregate Bond ETF by 7.0% during the fourth quarter. LPL Financial LLC now owns 23,515,369 shares of the company’s stock worth $605,521,000 after buying an additional 1,545,797 shares during the last quarter. Donoghue Forlines LLC acquired a new position in SPDR Portfolio Aggregate Bond ETF during the fourth quarter worth $32,772,000. CWM LLC raised its holdings in SPDR Portfolio Aggregate Bond ETF by 7.0% during the fourth quarter. CWM LLC now owns 18,193,758 shares of the company’s stock valued at $468,489,000 after buying an additional 1,197,111 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in SPDR Portfolio Aggregate Bond ETF by 23.5% during the first quarter. Bank of America Corp DE now owns 5,842,790 shares of the company’s stock valued at $149,692,000 after buying an additional 1,112,552 shares in the last quarter.

About SPDR Portfolio Aggregate Bond ETF

The SPDR Portfolio Aggregate Bond ETF (SPAB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks a market value-weighted index of the aggregate USD-denominated investment-grade bond market with at least one year to maturity. SPAB was launched on May 23, 2007 and is managed by State Street.