SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Unusually-High Trading Volume – What’s Next?

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) shares saw an uptick in trading volume on Wednesday . 759,436 shares traded hands during mid-day trading, an increase of 530% from the previous session’s volume of 120,466 shares.The stock last traded at $40.38 and had previously closed at $40.50.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

The stock’s 50-day moving average is $40.53 and its 200 day moving average is $40.57.

Hedge Funds Weigh In On SPDR SSgA Ultra Short Term Bond ETF

Hedge funds have recently modified their holdings of the business. Assetmark Inc. purchased a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the third quarter valued at about $31,000. Flagship Harbor Advisors LLC acquired a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the 4th quarter worth approximately $36,000. Geneos Wealth Management Inc. purchased a new position in shares of SPDR SSgA Ultra Short Term Bond ETF in the first quarter valued at $37,000. Collier Financial purchased a new position in SPDR SSgA Ultra Short Term Bond ETF during the 3rd quarter valued at about $60,000. Finally, Wells Fargo & Company MN increased its stake in shares of SPDR SSgA Ultra Short Term Bond ETF by 280,500.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,806 shares of the company’s stock worth $114,000 after purchasing an additional 2,805 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.