SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sees Significant Increase in Short Interest

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 5,336,662 shares, an increase of 36.3% from the December 15th total of 3,914,846 shares. Based on an average daily volume of 2,138,073 shares, the short-interest ratio is presently 2.5 days. Approximately 1.9% of the company’s stock are short sold. Approximately 1.9% of the company’s stock are short sold. Based on an average daily volume of 2,138,073 shares, the short-interest ratio is presently 2.5 days.

Institutional Trading of SPDR Portfolio Short Term Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Gilbert Capital Group Inc. acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the 2nd quarter valued at approximately $2,078,000. APS Management Group Inc. bought a new position in SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at $1,677,000. DAVENPORT & Co LLC increased its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 17.3% in the third quarter. DAVENPORT & Co LLC now owns 230,831 shares of the company’s stock valued at $6,992,000 after acquiring an additional 33,967 shares during the last quarter. M Holdings Securities Inc. raised its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.5% during the 2nd quarter. M Holdings Securities Inc. now owns 534,908 shares of the company’s stock worth $16,148,000 after purchasing an additional 23,050 shares in the last quarter. Finally, Eagle Strategies LLC increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 1,809.1% during the third quarter. Eagle Strategies LLC now owns 217,768 shares of the company’s stock worth $6,596,000 after buying an additional 206,361 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of NYSEARCA:SPSB traded down $0.01 on Friday, reaching $30.22. The company had a trading volume of 1,454,485 shares, compared to its average volume of 1,981,962. The stock has a 50-day moving average price of $30.21 and a 200 day moving average price of $30.20. SPDR Portfolio Short Term Corporate Bond ETF has a twelve month low of $29.74 and a twelve month high of $30.34.

About SPDR Portfolio Short Term Corporate Bond ETF

The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Treasury index. The fund tracks a market-value-weighted index of fixed-rate investment-grade nonconvertible US corporate bonds with 1-3 years remaining in maturity. SPSB was launched on Dec 16, 2009 and is managed by State Street.