Short Interest in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Expands By 69.8%

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 6,090,117 shares, an increase of 69.8% from the January 29th total of 3,586,958 shares. Based on an average daily volume of 5,585,034 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.9% of the shares of the stock are sold short. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily volume of 5,585,034 shares, the days-to-cover ratio is currently 1.1 days.

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

Hedge funds have recently bought and sold shares of the company. Triumph Capital Management acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the third quarter worth $28,000. Elyxium Wealth LLC purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the fourth quarter valued at $28,000. Fortitude Family Office LLC acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 3rd quarter worth $29,000. First Community Trust NA acquired a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 3rd quarter worth $32,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter worth about $34,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

Shares of SPIB traded up $0.02 during trading hours on Friday, reaching $34.11. The company had a trading volume of 8,528,163 shares, compared to its average volume of 6,079,494. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 12-month low of $32.38 and a 12-month high of $34.14. The firm has a 50 day simple moving average of $33.89 and a 200-day simple moving average of $33.86.

SPDR Portfolio Intermediate Term Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.1212 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Monday, February 2nd.

About SPDR Portfolio Intermediate Term Corporate Bond ETF

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.