Short Interest in SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Drops By 48.9%

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 115,201 shares, a drop of 48.9% from the December 15th total of 225,264 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily volume of 86,275 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 86,275 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.9% of the company’s shares are short sold.

Hedge Funds Weigh In On SPDR Bloomberg International Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nilsine Partners LLC grew its position in SPDR Bloomberg International Corporate Bond ETF by 8.2% during the 4th quarter. Nilsine Partners LLC now owns 83,911 shares of the company’s stock worth $2,694,000 after purchasing an additional 6,325 shares in the last quarter. IFP Advisors Inc boosted its position in shares of SPDR Bloomberg International Corporate Bond ETF by 14.5% in the third quarter. IFP Advisors Inc now owns 3,093 shares of the company’s stock worth $100,000 after buying an additional 391 shares during the period. Advisory Services Network LLC grew its holdings in shares of SPDR Bloomberg International Corporate Bond ETF by 70.3% during the third quarter. Advisory Services Network LLC now owns 19,933 shares of the company’s stock valued at $644,000 after buying an additional 8,227 shares in the last quarter. Susquehanna International Group LLP acquired a new position in SPDR Bloomberg International Corporate Bond ETF during the third quarter valued at $2,287,000. Finally, Bank of America Corp DE lifted its stake in SPDR Bloomberg International Corporate Bond ETF by 84.7% in the 3rd quarter. Bank of America Corp DE now owns 238,041 shares of the company’s stock worth $7,686,000 after acquiring an additional 109,177 shares in the last quarter.

SPDR Bloomberg International Corporate Bond ETF Stock Performance

NYSEARCA IBND remained flat at $31.90 on Friday. The company’s stock had a trading volume of 64,445 shares, compared to its average volume of 75,559. SPDR Bloomberg International Corporate Bond ETF has a 12-month low of $27.97 and a 12-month high of $32.89. The company’s fifty day moving average price is $31.95 and its 200 day moving average price is $32.05.

About SPDR Bloomberg International Corporate Bond ETF

SPDR Barclays International Corporate Bond ETF (the Fund), formerly SPDR Barclays Capital International Corporate Bond ETF, seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Global Aggregate ex-USD > $1B: Corporate Bond Index (the Index), an index that tracks the investment-grade corporate sector of the global bond market outside of the United States. The Index is designed to be a broad based measure of the global investment-grade, fixed-rate, fixed-income corporate markets outside the United States.