SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sees Significant Growth in Short Interest

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 327,766 shares, an increase of 73.9% from the December 15th total of 188,430 shares. Based on an average daily trading volume, of 1,578,488 shares, the short-interest ratio is presently 0.2 days. Approximately 0.7% of the company’s stock are short sold. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 1,578,488 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of SPDR Portfolio Long Term Corporate Bond ETF

Several large investors have recently bought and sold shares of the business. State Street Corp raised its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 6.2% in the 2nd quarter. State Street Corp now owns 7,315,006 shares of the company’s stock valued at $165,100,000 after buying an additional 427,047 shares during the period. RMG Wealth Management LLC lifted its stake in SPDR Portfolio Long Term Corporate Bond ETF by 6.3% in the third quarter. RMG Wealth Management LLC now owns 2,228,596 shares of the company’s stock valued at $52,227,000 after buying an additional 131,149 shares during the last quarter. Rockland Trust Co. grew its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 7.5% during the fourth quarter. Rockland Trust Co. now owns 1,824,180 shares of the company’s stock worth $41,190,000 after buying an additional 126,797 shares during the last quarter. Envestnet Asset Management Inc. raised its position in SPDR Portfolio Long Term Corporate Bond ETF by 6.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,366,362 shares of the company’s stock worth $30,839,000 after buying an additional 81,359 shares during the last quarter. Finally, Thrivent Financial for Lutherans purchased a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF in the 3rd quarter valued at about $23,055,000.

SPDR Portfolio Long Term Corporate Bond ETF Stock Down 0.3%

SPLB stock traded down $0.08 during trading on Friday, reaching $22.78. The company had a trading volume of 3,258,842 shares, compared to its average volume of 3,774,431. The firm has a 50-day simple moving average of $22.78 and a 200-day simple moving average of $22.79. SPDR Portfolio Long Term Corporate Bond ETF has a twelve month low of $21.01 and a twelve month high of $23.59.

About SPDR Portfolio Long Term Corporate Bond ETF

The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.