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

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 11,125,230 shares, an increase of 72.4% from the July 30th total of 6,454,019 shares. Approximately 3.2% of the company’s shares are short sold. Based on an average trading volume of 6,200,787 shares, the short-interest ratio is currently 1.8 days.

SPDR Portfolio Intermediate Term Corporate Bond ETF Trading Down 0.0%

NYSEARCA SPIB traded down $0.01 during trading hours on Monday, hitting $33.08. 700,107 shares of the company were exchanged, compared to its average volume of 7,549,485. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 52 week low of $33.03 and a 52 week high of $34.14. The stock has a 50-day moving average price of $33.22 and a 200 day moving average price of $33.45.

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

Several large investors have recently modified their holdings of the stock. Elyxium Wealth LLC purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter valued at $28,000. Triumph Capital Management purchased a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the third quarter worth $28,000. Compass Financial Management LLC purchased a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter worth $36,000. WFA of San Diego LLC bought a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter valued at $40,000. Finally, Horizon Investments LLC bought a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the fourth quarter valued at $45,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, fixed-rate taxable US corporate bonds with a maturity of at least one year, but no more than 10 years. SPIB was launched on Feb 10, 2009 and is managed by State Street.