SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sees Significant Drop in Short Interest

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 254,503 shares, a drop of 68.9% from the December 15th total of 818,099 shares. Based on an average daily trading volume, of 2,118,558 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 2,118,558 shares, the days-to-cover ratio is presently 0.1 days.

SPDR Portfolio Aggregate Bond ETF Trading Up 0.1%

SPDR Portfolio Aggregate Bond ETF stock traded up $0.03 during trading hours on Tuesday, hitting $25.84. The stock had a trading volume of 1,726,204 shares, compared to its average volume of 4,887,479. The company has a 50-day moving average of $25.83 and a two-hundred day moving average of $25.74. SPDR Portfolio Aggregate Bond ETF has a fifty-two week low of $24.71 and a fifty-two week high of $26.16.

Institutional Investors Weigh In On SPDR Portfolio Aggregate Bond ETF

A number of institutional investors have recently bought and sold shares of SPAB. Parallel Advisors LLC lifted its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 15.6% during the 2nd quarter. Parallel Advisors LLC now owns 205,323 shares of the company’s stock worth $5,256,000 after acquiring an additional 27,747 shares during the period. Apella Capital LLC lifted its stake in SPDR Portfolio Aggregate Bond ETF by 64.2% during the second quarter. Apella Capital LLC now owns 837,816 shares of the company’s stock worth $21,214,000 after purchasing an additional 327,649 shares during the period. NBC Securities Inc. boosted its holdings in SPDR Portfolio Aggregate Bond ETF by 241.8% during the second quarter. NBC Securities Inc. now owns 237,344 shares of the company’s stock valued at $6,076,000 after purchasing an additional 167,904 shares in the last quarter. Balefire LLC boosted its holdings in SPDR Portfolio Aggregate Bond ETF by 4.6% during the second quarter. Balefire LLC now owns 345,144 shares of the company’s stock valued at $8,836,000 after purchasing an additional 15,257 shares in the last quarter. Finally, Goelzer Investment Management Inc. bought a new stake in shares of SPDR Portfolio Aggregate Bond ETF in the 2nd quarter valued at approximately $203,000.

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.