SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Shares Shorted: Short Interest Down 40.1% in October

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 56,991 shares, a decline of 40.1% from the September 30th total of 95,212 shares. Based on an average daily trading volume, of 77,805 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the company’s shares are short sold.

SPDR Bloomberg International Corporate Bond ETF Trading Up 0.1%

Shares of IBND traded up $0.04 during mid-day trading on Monday, reaching $29.68. 27,851 shares of the company’s stock traded hands, compared to its average volume of 107,539. The stock’s 50-day moving average is $30.22 and its two-hundred day moving average is $31.23. SPDR Bloomberg International Corporate Bond ETF has a 12 month low of $29.38 and a 12 month high of $33.20.

Hedge Funds Weigh In On SPDR Bloomberg International Corporate Bond ETF

Large investors have recently bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in SPDR Bloomberg International Corporate Bond ETF in the third quarter worth $596,000. Summit Global Investments boosted its stake in shares of SPDR Bloomberg International Corporate Bond ETF by 12.8% during the third quarter. Summit Global Investments now owns 91,137 shares of the company’s stock valued at $2,723,000 after purchasing an additional 10,306 shares during the period. North Star Investment Management Corp. purchased a new stake in shares of SPDR Bloomberg International Corporate Bond ETF during the third quarter valued at $1,309,000. Lam Group Inc. boosted its stake in shares of SPDR Bloomberg International Corporate Bond ETF by 13.7% during the third quarter. Lam Group Inc. now owns 242,325 shares of the company’s stock valued at $7,241,000 after purchasing an additional 29,175 shares during the period. Finally, Leo Wealth LLC bought a new position in shares of SPDR Bloomberg International Corporate Bond ETF in the third quarter worth about $2,924,000.

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.