SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Sees Large Growth in Short Interest

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 21,143 shares, a growth of 127.0% from the May 14th total of 9,314 shares. Based on an average daily trading volume, of 78,468 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

SPDR Bloomberg International Corporate Bond ETF Trading Up 0.1%

IBND opened at $31.45 on Friday. The business’s 50-day moving average price is $31.55 and its 200-day moving average price is $31.84. SPDR Bloomberg International Corporate Bond ETF has a 12 month low of $30.65 and a 12 month high of $33.20.

Hedge Funds Weigh In On SPDR Bloomberg International Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Israel Discount Bank of New York purchased a new position in SPDR Bloomberg International Corporate Bond ETF in the 3rd quarter worth approximately $2,078,000. Farther Finance Advisors LLC boosted its stake in shares of SPDR Bloomberg International Corporate Bond ETF by 26.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,285,819 shares of the company’s stock valued at $41,288,000 after purchasing an additional 272,654 shares during the period. Aspect Partners LLC purchased a new stake in shares of SPDR Bloomberg International Corporate Bond ETF during the fourth quarter valued at approximately $2,038,000. PNC Financial Services Group Inc. bought a new position in shares of SPDR Bloomberg International Corporate Bond ETF in the third quarter worth approximately $758,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of SPDR Bloomberg International Corporate Bond ETF by 35.1% in the third quarter. Envestnet Asset Management Inc. now owns 89,507 shares of the company’s stock worth $2,890,000 after purchasing an additional 23,276 shares during the last quarter.

SPDR Bloomberg International Corporate Bond ETF Company Profile

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.