SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Short Interest Up 64.2% in February

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 496,856 shares, a growth of 64.2% from the January 29th total of 302,521 shares. Based on an average trading volume of 4,506,231 shares, the short-interest ratio is presently 0.1 days. Currently, 0.9% of the company’s shares are sold short. Currently, 0.9% of the company’s shares are sold short. Based on an average trading volume of 4,506,231 shares, the short-interest ratio is presently 0.1 days.

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

Several institutional investors have recently modified their holdings of the stock. Transce3nd LLC raised its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 68.6% in the 2nd quarter. Transce3nd LLC now owns 1,214 shares of the company’s stock valued at $27,000 after acquiring an additional 494 shares during the period. Advisory Services Network LLC bought a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF during the third quarter worth $29,000. Richard W. Paul & Associates LLC grew its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 373.4% in the 4th quarter. Richard W. Paul & Associates LLC now owns 1,671 shares of the company’s stock valued at $38,000 after buying an additional 1,318 shares during the period. International Assets Investment Management LLC bought a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 4th quarter valued at $41,000. Finally, Smartleaf Asset Management LLC increased its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 91.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,372 shares of the company’s stock valued at $53,000 after buying an additional 1,134 shares in the last quarter.

SPDR Portfolio Long Term Corporate Bond ETF Stock Performance

Shares of SPLB stock traded down $0.23 during trading hours on Monday, reaching $22.79. The company had a trading volume of 3,105,795 shares, compared to its average volume of 3,865,521. SPDR Portfolio Long Term Corporate Bond ETF has a 1-year low of $21.01 and a 1-year high of $23.59. The company has a 50 day moving average of $22.78 and a 200 day moving average of $22.90.

SPDR Portfolio Long Term Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd will be paid a $0.1005 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) annualized dividend and a yield of 5.3%.

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.