SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Large Increase in Short Interest

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 7,202 shares, a growth of 100.9% from the July 30th total of 3,585 shares. Based on an average trading volume of 58,227 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

SPDR SSgA Ultra Short Term Bond ETF Stock Performance

Shares of NYSEARCA:ULST opened at $40.38 on Monday. SPDR SSgA Ultra Short Term Bond ETF has a 52 week low of $40.20 and a 52 week high of $40.72. The firm’s fifty day moving average is $40.36 and its 200-day moving average is $40.42.

Hedge Funds Weigh In On SPDR SSgA Ultra Short Term Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in ULST. Trilogy Capital Inc. boosted its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 4.1% during the 1st quarter. Trilogy Capital Inc. now owns 10,080 shares of the company’s stock worth $408,000 after buying an additional 400 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in SPDR SSgA Ultra Short Term Bond ETF by 2.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 18,434 shares of the company’s stock worth $747,000 after purchasing an additional 418 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 8.6% during the third quarter. Ameriprise Financial Inc. now owns 6,201 shares of the company’s stock valued at $252,000 after purchasing an additional 492 shares during the period. Captrust Financial Advisors boosted its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 10.4% during the 4th quarter. Captrust Financial Advisors now owns 9,655 shares of the company’s stock worth $391,000 after purchasing an additional 909 shares in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the 1st quarter valued at about $37,000.

SPDR SSgA Ultra Short Term Bond ETF Company Profile

The SPDR SSgA Ultra Short Term Bond ETF (ULST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months. ULST was launched on Oct 9, 2013 and is managed by State Street.