SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Short Interest Update

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 147,703 shares, a decline of 40.1% from the January 15th total of 246,570 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 503,231 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 503,231 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

SPDR Portfolio Corporate Bond ETF Trading Up 0.3%

SPDR Portfolio Corporate Bond ETF stock traded up $0.08 during midday trading on Friday, reaching $29.63. The company had a trading volume of 213,040 shares, compared to its average volume of 533,238. SPDR Portfolio Corporate Bond ETF has a 12-month low of $27.84 and a 12-month high of $29.93. The firm’s fifty day simple moving average is $29.41 and its 200-day simple moving average is $29.47.

SPDR Portfolio Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.123 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 5.0%. This is an increase from SPDR Portfolio Corporate Bond ETF’s previous monthly dividend of $0.12.

Institutional Investors Weigh In On SPDR Portfolio Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPBO. Northwestern Mutual Wealth Management Co. raised its position in shares of SPDR Portfolio Corporate Bond ETF by 82.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 881 shares of the company’s stock valued at $26,000 after buying an additional 398 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF in the third quarter valued at approximately $49,000. Eastern Bank acquired a new position in SPDR Portfolio Corporate Bond ETF during the fourth quarter worth $53,000. Archer Investment Corp acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF in the 4th quarter worth $69,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of SPDR Portfolio Corporate Bond ETF by 17.3% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,934 shares of the company’s stock worth $86,000 after acquiring an additional 432 shares during the period.

About SPDR Portfolio Corporate Bond ETF

The SPDR Portfolio Corporate Bond ETF (SPBO) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals. SPBO was launched on Apr 6, 2011 and is managed by State Street.