SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Short Interest Up 151.0% in July

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 883,319 shares, a growth of 151.0% from the July 15th total of 351,961 shares. Based on an average daily volume of 1,711,315 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SPAB. Tennessee Valley Asset Management Partners raised its holdings in SPDR Portfolio Aggregate Bond ETF by 9.9% in the 4th quarter. Tennessee Valley Asset Management Partners now owns 412,025 shares of the company’s stock valued at $10,610,000 after buying an additional 37,063 shares during the last quarter. Belpointe Asset Management LLC boosted its position in SPDR Portfolio Aggregate Bond ETF by 764.3% during the 4th quarter. Belpointe Asset Management LLC now owns 146,238 shares of the company’s stock worth $3,766,000 after buying an additional 129,319 shares during the period. Tobias Financial Advisors Inc. grew its holdings in SPDR Portfolio Aggregate Bond ETF by 5.7% during the 4th quarter. Tobias Financial Advisors Inc. now owns 3,904,988 shares of the company’s stock worth $100,553,000 after acquiring an additional 212,237 shares during the last quarter. Mueller Wealth LLC acquired a new position in SPDR Portfolio Aggregate Bond ETF in the 4th quarter valued at approximately $19,613,000. Finally, Wealth Management Nebraska increased its position in SPDR Portfolio Aggregate Bond ETF by 4.2% in the 4th quarter. Wealth Management Nebraska now owns 1,419,003 shares of the company’s stock valued at $36,539,000 after acquiring an additional 57,612 shares during the period.

SPDR Portfolio Aggregate Bond ETF Trading Down 0.2%

Shares of SPAB stock opened at $25.12 on Friday. The stock has a 50 day simple moving average of $25.31 and a 200 day simple moving average of $25.54. SPDR Portfolio Aggregate Bond ETF has a 1 year low of $25.03 and a 1 year high of $26.17.

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.