SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sees Unusually-High Trading Volume – Here’s Why

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) shares saw unusually-strong trading volume on Thursday . Approximately 22,393,950 shares changed hands during mid-day trading, an increase of 527% from the previous session’s volume of 3,569,715 shares.The stock last traded at $29.8250 and had previously closed at $29.79.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

The stock’s 50 day moving average price is $29.91 and its 200 day moving average price is $30.00.

Institutional Trading of SPDR Portfolio Short Term Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in SPSB. Strive Financial Group LLC purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the fourth quarter worth about $35,000. Brown Lisle Cummings Inc. boosted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 300.3% in the second quarter. Brown Lisle Cummings Inc. now owns 1,397 shares of the company’s stock valued at $42,000 after purchasing an additional 1,048 shares during the last quarter. AlphaCore Capital LLC grew its stake in SPDR Portfolio Short Term Corporate Bond ETF by 48.0% during the 4th quarter. AlphaCore Capital LLC now owns 1,807 shares of the company’s stock valued at $55,000 after purchasing an additional 586 shares in the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter worth approximately $58,000. Finally, EverSource Wealth Advisors LLC increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 106.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,028 shares of the company’s stock worth $61,000 after purchasing an additional 1,046 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Company Profile

The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Treasury index. The fund tracks a market-value-weighted index of fixed-rate investment-grade nonconvertible US corporate bonds with 1-3 years remaining in maturity. SPSB was launched on Dec 16, 2009 and is managed by State Street.