Short Interest in SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Expands By 775.1%

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 43,949 shares, an increase of 775.1% from the June 15th total of 5,022 shares. Based on an average daily volume of 110,863 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are sold short.

SPDR Bloomberg International Corporate Bond ETF Stock Down 0.1%

Shares of SPDR Bloomberg International Corporate Bond ETF stock traded down $0.04 during trading on Friday, reaching $31.02. The company’s stock had a trading volume of 53,044 shares, compared to its average volume of 126,933. SPDR Bloomberg International Corporate Bond ETF has a 1-year low of $30.65 and a 1-year high of $33.20. The company has a 50-day simple moving average of $31.34 and a two-hundred day simple moving average of $31.73.

Institutional Investors Weigh In On SPDR Bloomberg International Corporate Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its position in SPDR Bloomberg International Corporate Bond ETF by 68.5% during the 1st quarter. Jones Financial Companies Lllp now owns 2,282 shares of the company’s stock worth $67,000 after acquiring an additional 928 shares during the period. First Trust Advisors LP acquired a new position in shares of SPDR Bloomberg International Corporate Bond ETF in the second quarter valued at about $1,760,000. Baird Financial Group Inc. purchased a new position in shares of SPDR Bloomberg International Corporate Bond ETF in the second quarter worth about $784,000. Transamerica Financial Advisors LLC raised its stake in shares of SPDR Bloomberg International Corporate Bond ETF by 20,008.1% in the second quarter. Transamerica Financial Advisors LLC now owns 27,146 shares of the company’s stock worth $885,000 after purchasing an additional 27,011 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of SPDR Bloomberg International Corporate Bond ETF during the second quarter worth about $1,242,000.

About SPDR Bloomberg International Corporate Bond ETF

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.