SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Sees Large Drop in Short Interest

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 81,292 shares, a decline of 59.5% from the November 30th total of 200,618 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 551,638 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 551,638 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

SPDR Portfolio Corporate Bond ETF Price Performance

Shares of NYSEARCA:SPBO opened at $29.41 on Friday. The firm has a 50 day simple moving average of $29.53 and a 200 day simple moving average of $29.35. SPDR Portfolio Corporate Bond ETF has a one year low of $27.84 and a one year high of $29.93.

Institutional Investors Weigh In On SPDR Portfolio Corporate Bond ETF

Hedge funds have recently modified their holdings of the company. Advyzon Investment Management LLC acquired a new position in SPDR Portfolio Corporate Bond ETF in the 2nd quarter worth about $363,000. Foundations Investment Advisors LLC grew its holdings in shares of SPDR Portfolio Corporate Bond ETF by 83.8% during the second quarter. Foundations Investment Advisors LLC now owns 109,347 shares of the company’s stock worth $3,195,000 after purchasing an additional 49,859 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of SPDR Portfolio Corporate Bond ETF by 30.7% during the second quarter. Bank of Montreal Can now owns 7,333 shares of the company’s stock worth $214,000 after purchasing an additional 1,722 shares during the last quarter. Summit Financial Wealth Advisors LLC increased its stake in shares of SPDR Portfolio Corporate Bond ETF by 15.3% in the third quarter. Summit Financial Wealth Advisors LLC now owns 916,928 shares of the company’s stock valued at $27,141,000 after buying an additional 121,857 shares during the period. Finally, Kingdom Financial Group LLC. bought a new position in SPDR Portfolio Corporate Bond ETF in the 2nd quarter valued at approximately $517,000.

SPDR Portfolio Corporate Bond ETF Company Profile

The SPDR Portfolio Corporate Bond ETF (SPBO) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals. SPBO was launched on Apr 6, 2011 and is managed by State Street.