SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Short Interest Update

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 414,073 shares, a drop of 16.7% from the February 12th total of 496,856 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 2,986,711 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 2,986,711 shares, the short-interest ratio is currently 0.1 days. Currently, 0.8% of the shares of the company are sold short.

SPDR Portfolio Long Term Corporate Bond ETF Price Performance

Shares of SPLB traded up $0.15 during trading hours on Monday, reaching $22.11. 6,980,051 shares of the company traded hands, compared to its average volume of 4,367,260. SPDR Portfolio Long Term Corporate Bond ETF has a 12-month low of $21.01 and a 12-month high of $23.59. The business has a fifty day moving average price of $22.75 and a 200-day moving average price of $22.89.

SPDR Portfolio Long Term Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1005 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 5.5%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SPLB. SHP Wealth Management purchased a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF in the fourth quarter worth about $1,047,000. Strive Financial Group LLC purchased a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the fourth quarter valued at approximately $415,000. Caitlin John LLC increased its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 164.8% in the 4th quarter. Caitlin John LLC now owns 190,077 shares of the company’s stock worth $4,292,000 after buying an additional 118,289 shares during the period. NewEdge Advisors LLC raised its position in SPDR Portfolio Long Term Corporate Bond ETF by 483.8% during the 4th quarter. NewEdge Advisors LLC now owns 41,749 shares of the company’s stock worth $943,000 after buying an additional 34,598 shares during the last quarter. Finally, KKM Financial LLC raised its position in SPDR Portfolio Long Term Corporate Bond ETF by 6.8% during the 4th quarter. KKM Financial LLC now owns 34,150 shares of the company’s stock worth $771,000 after buying an additional 2,165 shares during the last quarter.

About SPDR Portfolio Long Term Corporate Bond ETF

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.