SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) Sees Strong Trading Volume – Time to Buy?

SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) shares saw unusually-strong trading volume on Thursday . Approximately 1,587,741 shares were traded during trading, an increase of 373% from the previous session’s volume of 335,731 shares.The stock last traded at $21.4550 and had previously closed at $21.46.

SPDR Bloomberg Emerging Markets Local Bond ETF Stock Performance

The business’s 50 day moving average price is $21.30 and its 200-day moving average price is $21.29.

Institutional Trading of SPDR Bloomberg Emerging Markets Local Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. purchased a new position in shares of SPDR Bloomberg Emerging Markets Local Bond ETF during the 3rd quarter valued at approximately $577,000. Lockerman Financial Group Inc. boosted its stake in SPDR Bloomberg Emerging Markets Local Bond ETF by 7.5% during the 2nd quarter. Lockerman Financial Group Inc. now owns 11,838 shares of the company’s stock worth $253,000 after purchasing an additional 822 shares during the last quarter. Cetera Investment Advisers grew its stake in SPDR Bloomberg Emerging Markets Local Bond ETF by 10.3% during the 2nd quarter. Cetera Investment Advisers now owns 86,875 shares of the company’s stock valued at $1,859,000 after acquiring an additional 8,097 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of SPDR Bloomberg Emerging Markets Local Bond ETF by 343.7% during the 2nd quarter. Osaic Holdings Inc. now owns 76,668 shares of the company’s stock worth $1,578,000 after purchasing an additional 59,387 shares during the last quarter. Finally, Prospera Financial Services Inc purchased a new position in shares of SPDR Bloomberg Emerging Markets Local Bond ETF during the 2nd quarter worth approximately $1,230,000.

SPDR Bloomberg Emerging Markets Local Bond ETF Company Profile

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.