SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) Short Interest Up 106.6% in May

SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 390,191 shares, an increase of 106.6% from the April 30th total of 188,887 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 290,079 shares, the days-to-cover ratio is currently 1.3 days.

SPDR Bloomberg Emerging Markets Local Bond ETF Stock Up 0.1%

NYSEARCA EBND traded up $0.02 during trading on Tuesday, reaching $20.94. 600,588 shares of the stock traded hands, compared to its average volume of 471,060. The stock’s 50-day moving average price is $20.93 and its 200 day moving average price is $21.24. SPDR Bloomberg Emerging Markets Local Bond ETF has a fifty-two week low of $20.36 and a fifty-two week high of $21.94.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EBND. Vicus Capital lifted its position in shares of SPDR Bloomberg Emerging Markets Local Bond ETF by 300.5% in the fourth quarter. Vicus Capital now owns 43,164 shares of the company’s stock worth $922,000 after purchasing an additional 32,387 shares in the last quarter. Valtinson Bruner Financial Planning LLC bought a new stake in shares of SPDR Bloomberg Emerging Markets Local Bond ETF in the third quarter worth $1,407,000. NewSquare Capital LLC bought a new stake in shares of SPDR Bloomberg Emerging Markets Local Bond ETF in the third quarter worth $7,756,000. Prospera Financial Services Inc lifted its position in shares of SPDR Bloomberg Emerging Markets Local Bond ETF by 135.0% in the third quarter. Prospera Financial Services Inc now owns 135,070 shares of the company’s stock worth $2,885,000 after purchasing an additional 77,583 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of SPDR Bloomberg Emerging Markets Local Bond ETF by 17,042.9% in the fourth quarter. Comerica Bank now owns 861,772 shares of the company’s stock worth $18,416,000 after purchasing an additional 856,745 shares in the last quarter.

About SPDR Bloomberg Emerging Markets Local Bond ETF

SPDR Barclays Emerging Markets Local Bond ETF (Fund) seeks to provide investment results that correspond to the price and yield performance of the Index that tracks the fixed-rate local currency sovereign debt of emerging market countries. The Index is designed to measure the performance of the fixed-rate local currency sovereign debt of emerging market countries. The Index includes government bonds issued by countries outside the United States, in local currencies, that have a remaining maturity of one year or more and are rated B3/B-/B- or higher using the middle rating of Moody’s Investor Service, Inc, Standard & Poor’s, Inc and Fitch Inc SSgA Funds Management, Inc serves as the investment adviser to the Fund.