SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Short Interest Update

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 4,202,682 shares, an increase of 46.1% from the December 15th total of 2,876,180 shares. Based on an average daily trading volume, of 3,840,927 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.3% of the shares of the stock are short sold. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,840,927 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. GoalVest Advisory LLC lifted its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 8.2% in the third quarter. GoalVest Advisory LLC now owns 568,062 shares of the company’s stock valued at $19,252,000 after buying an additional 43,119 shares during the period. Crews Bank & Trust grew its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 18.4% during the third quarter. Crews Bank & Trust now owns 662,460 shares of the company’s stock worth $22,451,000 after purchasing an additional 102,871 shares during the period. Parallel Advisors LLC lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 336.2% in the second quarter. Parallel Advisors LLC now owns 3,459 shares of the company’s stock valued at $116,000 after buying an additional 2,666 shares during the period. Davidson Trust Co. boosted its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 35.3% during the second quarter. Davidson Trust Co. now owns 27,328 shares of the company’s stock worth $918,000 after buying an additional 7,127 shares during the last quarter. Finally, Alteri Wealth LLC bought a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter valued at about $202,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Trading Down 0.1%

SPIB traded down $0.02 during midday trading on Friday, hitting $33.83. The company had a trading volume of 4,047,079 shares, compared to its average volume of 7,097,744. SPDR Portfolio Intermediate Term Corporate Bond ETF has a twelve month low of $32.38 and a twelve month high of $34.08. The firm’s 50-day simple moving average is $33.84 and its 200-day simple moving average is $33.77.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, fixed-rate taxable US corporate bonds with a maturity of at least one year, but no more than 10 years. SPIB was launched on Feb 10, 2009 and is managed by State Street.