SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Strong Trading Volume – Time to Buy?

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) saw an uptick in trading volume on Wednesday. 709,876 shares traded hands during mid-day trading, an increase of 605% from the average daily volume of 100,648 shares. The stock last traded at $40.21 and had previously closed at $40.17.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

The company has a 50-day moving average price of $40.24 and a 200 day moving average price of $40.39.

Institutional Trading of SPDR SSgA Ultra Short Term Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norris Financial Group LLC purchased a new position in shares of SPDR SSgA Ultra Short Term Bond ETF during the first quarter valued at about $4,305,000. Kraft Davis & Associates LLC bought a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the second quarter worth about $4,228,000. Farther Finance Advisors LLC bought a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the third quarter worth about $2,241,000. Coppell Advisory Solutions LLC bought a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the second quarter worth about $2,004,000. Finally, BIP Wealth LLC lifted its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 6.1% in the third quarter. BIP Wealth LLC now owns 705,431 shares of the company’s stock worth $28,390,000 after buying an additional 40,329 shares in the last quarter.

SPDR SSgA Ultra Short Term Bond ETF Company Profile

The SPDR SSgA Ultra Short Term Bond ETF (ULST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months. ULST was launched on Oct 9, 2013 and is managed by State Street.