SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Shares Shorted: Short Interest Up 150.2% in September

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 8,259,634 shares, a growth of 150.2% from the August 31st total of 3,301,749 shares. Based on an average daily volume of 5,222,340 shares, the days-to-cover ratio is currently 1.6 days. Approximately 2.4% of the shares of the company are sold short.

Institutional Investors Weigh In On SPDR Portfolio Intermediate Term Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SPIB. Compass Financial Management LLC bought a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter valued at about $36,000. Nemes Rush Group LLC acquired a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 4th quarter worth about $104,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 4th quarter worth about $142,000. OLD Second National Bank of Aurora boosted its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 7.6% in the 1st quarter. OLD Second National Bank of Aurora now owns 5,684 shares of the company’s stock valued at $191,000 after purchasing an additional 400 shares during the period. Finally, Strive Financial Group LLC boosted its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 410.6% in the 2nd quarter. Strive Financial Group LLC now owns 6,714 shares of the company’s stock valued at $225,000 after purchasing an additional 5,399 shares during the period.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

Shares of NYSEARCA SPIB traded up $0.05 during trading hours on Friday, reaching $32.43. 4,938,220 shares of the stock were exchanged, compared to its average volume of 7,387,584. The stock’s fifty day simple moving average is $32.97 and its 200 day simple moving average is $33.28. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 52 week low of $32.34 and a 52 week high of $34.14.

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.