SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Short Interest Up 276.4% in May

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 2,274,019 shares, a growth of 276.4% from the April 30th total of 604,189 shares. Based on an average daily volume of 3,036,011 shares, the days-to-cover ratio is currently 0.7 days. Approximately 3.9% of the company’s shares are sold short.

SPDR Portfolio Long Term Corporate Bond ETF Trading Up 0.4%

Shares of SPLB traded up $0.08 during mid-day trading on Friday, reaching $22.50. The stock had a trading volume of 751,212 shares, compared to its average volume of 4,531,916. SPDR Portfolio Long Term Corporate Bond ETF has a 52-week low of $21.69 and a 52-week high of $23.59. The business’s fifty day moving average is $22.24 and its 200 day moving average is $22.57.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Truefg LLC boosted its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 0.9% in the fourth quarter. Truefg LLC now owns 50,338 shares of the company’s stock valued at $1,137,000 after purchasing an additional 450 shares during the period. Prospera Financial Services Inc boosted its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 0.8% in the third quarter. Prospera Financial Services Inc now owns 58,651 shares of the company’s stock valued at $1,356,000 after purchasing an additional 460 shares during the period. Capstone Wealth Management Group LLC boosted its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 1.1% in the third quarter. Capstone Wealth Management Group LLC now owns 53,885 shares of the company’s stock valued at $1,246,000 after purchasing an additional 612 shares during the period. HF Advisory Group LLC boosted its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 4.5% in the fourth quarter. HF Advisory Group LLC now owns 14,961 shares of the company’s stock valued at $338,000 after purchasing an additional 639 shares during the period. Finally, Global Endowment Management LP boosted its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 4.7% in the third quarter. Global Endowment Management LP now owns 14,555 shares of the company’s stock valued at $337,000 after purchasing an additional 652 shares during the period.

SPDR Portfolio Long Term Corporate Bond ETF Company Profile

The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.