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

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 6,470,936 shares, an increase of 29.2% from the February 12th total of 5,006,897 shares. Approximately 2.3% of the company’s shares are sold short. Based on an average trading volume of 2,160,696 shares, the days-to-cover ratio is presently 3.0 days. Based on an average trading volume of 2,160,696 shares, the days-to-cover ratio is presently 3.0 days. Approximately 2.3% of the company’s shares are sold short.

SPDR Portfolio Short Term Corporate Bond ETF Stock Up 0.1%

Shares of SPSB traded up $0.03 during mid-day trading on Monday, hitting $30.03. 8,833,854 shares of the company’s stock were exchanged, compared to its average volume of 2,606,437. SPDR Portfolio Short Term Corporate Bond ETF has a fifty-two week low of $29.74 and a fifty-two week high of $30.34. The stock’s 50-day moving average is $30.23 and its 200-day moving average is $30.23.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.1063 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, March 2nd.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Westfuller Advisors LLC purchased a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the third quarter worth $27,000. Bessemer Group Inc. purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at $30,000. Smartleaf Asset Management LLC boosted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 2,862.9% in the third quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock valued at $31,000 after purchasing an additional 1,002 shares during the period. Strive Financial Group LLC acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter worth $35,000. Finally, AlphaCore Capital LLC acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter worth $37,000.

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.