SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sees Significant Decrease in Short Interest

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 619,800 shares, a drop of 28.6% from the September 30th total of 868,300 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily volume of 3,534,100 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 3,534,100 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.5% of the shares of the company are short sold.

SPDR Portfolio Long Term Corporate Bond ETF Stock Up 0.3%

NYSEARCA:SPLB traded up $0.07 during trading hours on Tuesday, hitting $22.88. 2,300,442 shares of the company were exchanged, compared to its average volume of 2,801,494. SPDR Portfolio Long Term Corporate Bond ETF has a 52-week low of $21.01 and a 52-week high of $23.63. The company’s 50 day moving average price is $23.11 and its 200-day moving average price is $22.49.

Hedge Funds Weigh In On SPDR Portfolio Long Term Corporate Bond ETF

Several hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in SPDR Portfolio Long Term Corporate Bond ETF by 7.2% in the 1st quarter. Bank of New York Mellon Corp now owns 280,992 shares of the company’s stock worth $6,342,000 after acquiring an additional 18,798 shares during the last quarter. Fifth Third Securities Inc. increased its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 3.8% in the first quarter. Fifth Third Securities Inc. now owns 95,821 shares of the company’s stock valued at $2,163,000 after purchasing an additional 3,486 shares during the period. Richardson Financial Services Inc. purchased a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF in the first quarter worth about $453,000. Strategic Advocates LLC lifted its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 9.7% during the first quarter. Strategic Advocates LLC now owns 829,478 shares of the company’s stock worth $18,721,000 after purchasing an additional 73,191 shares during the period. Finally, Cary Street Partners Financial LLC lifted its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 14.1% during the first quarter. Cary Street Partners Financial LLC now owns 95,248 shares of the company’s stock worth $2,150,000 after purchasing an additional 11,777 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.