SPDR SSGA Fixed Income Sector Rotation ETF (NYSEARCA:FISR) Sees Significant Increase in Short Interest

SPDR SSGA Fixed Income Sector Rotation ETF (NYSEARCA:FISR) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 58,453 shares, an increase of 611.8% from the February 26th total of 8,212 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 233,501 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 233,501 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the company’s shares are sold short.

SPDR SSGA Fixed Income Sector Rotation ETF Price Performance

Shares of NYSEARCA FISR opened at $25.56 on Wednesday. SPDR SSGA Fixed Income Sector Rotation ETF has a twelve month low of $25.03 and a twelve month high of $26.38. The company’s fifty day moving average is $25.97 and its 200-day moving average is $26.03.

SPDR SSGA Fixed Income Sector Rotation ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.0846 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.0%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FISR. Creative Financial Designs Inc. ADV raised its position in shares of SPDR SSGA Fixed Income Sector Rotation ETF by 4.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 19,025 shares of the company’s stock worth $493,000 after purchasing an additional 796 shares during the period. FSA Advisors Inc. bought a new position in shares of SPDR SSGA Fixed Income Sector Rotation ETF during the 4th quarter valued at about $396,000. Maripau Wealth Management LLC grew its position in shares of SPDR SSGA Fixed Income Sector Rotation ETF by 14.3% in the 2nd quarter. Maripau Wealth Management LLC now owns 12,084 shares of the company’s stock valued at $312,000 after purchasing an additional 1,508 shares during the period. Richardson Financial Services Inc. grew its position in shares of SPDR SSGA Fixed Income Sector Rotation ETF by 10.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 4,625 shares of the company’s stock valued at $121,000 after purchasing an additional 429 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in SPDR SSGA Fixed Income Sector Rotation ETF by 160.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,390 shares of the company’s stock worth $36,000 after purchasing an additional 856 shares in the last quarter.

SPDR SSGA Fixed Income Sector Rotation ETF Company Profile

The SPDR SSGA Fixed Income Sector Rotation ETF (FISR) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund is an actively-managed portfolio of fixed income ETFs classified within favorable sectors. FISR was launched on Apr 2, 2019 and is managed by State Street.