SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Short Interest Update

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 3,301,749 shares, a decline of 70.3% from the August 15th total of 11,125,230 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average trading volume of 6,355,110 shares, the days-to-cover ratio is currently 0.5 days.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Down 0.1%

Shares of SPIB stock traded down $0.03 on Friday, reaching $32.63. The stock had a trading volume of 3,857,121 shares, compared to its average volume of 7,456,857. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 12 month low of $32.63 and a 12 month high of $34.14. The firm’s 50-day moving average is $33.10 and its two-hundred day moving average is $33.38.

Institutional Investors Weigh In On SPDR Portfolio Intermediate Term Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. boosted its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.9% during the 2nd quarter. Baird Financial Group Inc. now owns 15,370 shares of the company’s stock worth $516,000 after acquiring an additional 719 shares in the last quarter. NewEdge Advisors LLC boosted its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 0.7% during the 2nd quarter. NewEdge Advisors LLC now owns 80,410 shares of the company’s stock worth $2,700,000 after buying an additional 582 shares during the period. Ameriprise Financial Inc. grew its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 88.4% in the second quarter. Ameriprise Financial Inc. now owns 5,407,199 shares of the company’s stock worth $181,617,000 after purchasing an additional 2,537,710 shares during the last quarter. WFA of San Diego LLC bought a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter valued at about $40,000. Finally, Fidelity D & D Bancorp Inc. increased its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 10.2% during the 2nd quarter. Fidelity D & D Bancorp Inc. now owns 203,346 shares of the company’s stock valued at $6,828,000 after purchasing an additional 18,739 shares during the period.

About SPDR Portfolio Intermediate Term Corporate Bond ETF

The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, fixed-rate taxable US corporate bonds with a maturity of at least one year, but no more than 10 years. SPIB was launched on Feb 10, 2009 and is managed by State Street.