Short Interest in SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Increases By 30.4%

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 97,386 shares, a growth of 30.4% from the February 26th total of 74,672 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average trading volume of 116,784 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On SPDR Bloomberg International Corporate Bond ETF

Several institutional investors have recently modified their holdings of IBND. Envestnet Asset Management Inc. grew its holdings in SPDR Bloomberg International Corporate Bond ETF by 35.1% during the third quarter. Envestnet Asset Management Inc. now owns 89,507 shares of the company’s stock valued at $2,890,000 after purchasing an additional 23,276 shares during the period. Lam Group Inc. raised its holdings in SPDR Bloomberg International Corporate Bond ETF by 23.1% in the third quarter. Lam Group Inc. now owns 280,855 shares of the company’s stock worth $9,069,000 after purchasing an additional 52,665 shares during the period. Lifestyle Asset Management Inc. acquired a new stake in SPDR Bloomberg International Corporate Bond ETF in the third quarter worth $14,752,000. Synergy Asset Management LLC boosted its position in shares of SPDR Bloomberg International Corporate Bond ETF by 100.0% during the third quarter. Synergy Asset Management LLC now owns 234,496 shares of the company’s stock worth $7,642,000 after purchasing an additional 117,248 shares in the last quarter. Finally, Israel Discount Bank of New York bought a new position in shares of SPDR Bloomberg International Corporate Bond ETF during the third quarter worth $2,078,000.

SPDR Bloomberg International Corporate Bond ETF Price Performance

Shares of IBND stock remained flat at $30.86 during trading hours on Friday. The stock had a trading volume of 118,460 shares, compared to its average volume of 152,186. SPDR Bloomberg International Corporate Bond ETF has a one year low of $29.31 and a one year high of $33.20. The firm’s fifty day simple moving average is $32.07 and its 200 day simple moving average is $32.04.

SPDR Bloomberg International Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.0653 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 2.5%.

SPDR Bloomberg International Corporate Bond ETF Company Profile

SPDR Barclays International Corporate Bond ETF (the Fund), formerly SPDR Barclays Capital International Corporate Bond ETF, seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Global Aggregate ex-USD > $1B: Corporate Bond Index (the Index), an index that tracks the investment-grade corporate sector of the global bond market outside of the United States. The Index is designed to be a broad based measure of the global investment-grade, fixed-rate, fixed-income corporate markets outside the United States.