SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Short Interest Update

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 249,508 shares, a decrease of 37.8% from the April 15th total of 401,341 shares. Based on an average daily trading volume, of 738,231 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the company’s shares are short sold.

SPDR Portfolio Corporate Bond ETF Stock Performance

Shares of SPBO stock traded down $0.17 on Friday, reaching $28.76. The company had a trading volume of 300,882 shares, compared to its average volume of 648,533. The company has a 50-day moving average of $29.05 and a 200-day moving average of $29.33. SPDR Portfolio Corporate Bond ETF has a 12 month low of $28.28 and a 12 month high of $29.93.

Hedge Funds Weigh In On SPDR Portfolio Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of SPDR Portfolio Corporate Bond ETF by 82.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 881 shares of the company’s stock valued at $26,000 after buying an additional 398 shares in the last quarter. SHP Wealth Management acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF during the fourth quarter worth about $38,000. Creative Capital Management Investments LLC bought a new position in shares of SPDR Portfolio Corporate Bond ETF during the 1st quarter valued at about $39,000. Advisory Services Network LLC bought a new stake in SPDR Portfolio Corporate Bond ETF during the 3rd quarter worth approximately $49,000. Finally, Eastern Bank acquired a new stake in SPDR Portfolio Corporate Bond ETF during the 4th quarter worth approximately $53,000.

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.