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

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 946,480 shares, a growth of 1,026.8% from the January 29th total of 83,999 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 3,805,198 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 3,805,198 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the company’s stock are short sold.

SPDR Portfolio Aggregate Bond ETF Trading Up 0.3%

NYSEARCA:SPAB traded up $0.08 on Friday, hitting $26.17. 902,194 shares of the company’s stock traded hands, compared to its average volume of 3,479,689. The firm has a 50-day moving average price of $25.85 and a 200-day moving average price of $25.84. SPDR Portfolio Aggregate Bond ETF has a 1 year low of $24.82 and a 1 year high of $26.16.

SPDR Portfolio Aggregate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.082 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.8%.

Hedge Funds Weigh In On SPDR Portfolio Aggregate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp raised its stake in 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 acquiring an additional 12,031,034 shares during the period. LPL Financial LLC grew its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 7.0% during the 4th quarter. LPL Financial LLC now owns 23,515,369 shares of the company’s stock valued at $605,521,000 after purchasing an additional 1,545,797 shares during the last quarter. CWM LLC boosted its position 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 during the period. Cliftonlarsonallen Wealth Advisors LLC increased its stake in SPDR Portfolio Aggregate Bond ETF by 7.4% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 15,211,308 shares of the company’s stock worth $391,691,000 after purchasing an additional 1,045,991 shares during the period. Finally, Cerity Partners LLC increased its position in shares of SPDR Portfolio Aggregate Bond ETF by 5.5% in the fourth quarter. Cerity Partners LLC now owns 11,679,296 shares of the company’s stock valued at $300,742,000 after acquiring an additional 604,379 shares during the period.

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.