SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND – Get Free Report) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 215,411 shares, a drop of 41.1% from the August 15th total of 365,848 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 187,347 shares, the short-interest ratio is presently 1.1 days.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of EBND. Rockefeller Capital Management L.P. raised its holdings in shares of SPDR Bloomberg Emerging Markets Local Bond ETF by 875.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 55,740 shares of the company’s stock valued at $1,191,000 after acquiring an additional 50,023 shares in the last quarter. Valmark Advisers Inc. increased its position in SPDR Bloomberg Emerging Markets Local Bond ETF by 10.3% during the 1st quarter. Valmark Advisers Inc. now owns 318,161 shares of the company’s stock valued at $6,567,000 after purchasing an additional 29,738 shares during the period. Avos Capital Management LLC raised its holdings in SPDR Bloomberg Emerging Markets Local Bond ETF by 6.3% in the 2nd quarter. Avos Capital Management LLC now owns 399,715 shares of the company’s stock worth $8,362,000 after purchasing an additional 23,668 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of SPDR Bloomberg Emerging Markets Local Bond ETF in the 4th quarter worth about $5,557,000. Finally, Bleakley Financial Group LLC boosted its stake in shares of SPDR Bloomberg Emerging Markets Local Bond ETF by 95.4% during the 1st quarter. Bleakley Financial Group LLC now owns 112,384 shares of the company’s stock valued at $2,320,000 after purchasing an additional 54,879 shares in the last quarter.
SPDR Bloomberg Emerging Markets Local Bond ETF Stock Down 0.2%
Shares of EBND stock traded down $0.04 during trading on Friday, hitting $20.80. The company had a trading volume of 102,834 shares, compared to its average volume of 380,385. The stock’s 50-day moving average is $21.00 and its two-hundred day moving average is $20.96. SPDR Bloomberg Emerging Markets Local Bond ETF has a 52 week low of $20.36 and a 52 week high of $21.94.
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.
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