SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sees Large Increase in Short Interest

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 5,336,662 shares, a growth of 36.3% from the December 15th total of 3,914,846 shares. Based on an average daily trading volume, of 2,138,073 shares, the short-interest ratio is presently 2.5 days. Currently, 1.9% of the shares of the company are sold short. Currently, 1.9% of the shares of the company are sold short. Based on an average daily trading volume, of 2,138,073 shares, the short-interest ratio is presently 2.5 days.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of SPSB stock traded down $0.01 during trading hours on Friday, reaching $30.22. The stock had a trading volume of 1,454,485 shares, compared to its average volume of 1,981,962. The stock’s fifty day simple moving average is $30.21 and its 200 day simple moving average is $30.20. SPDR Portfolio Short Term Corporate Bond ETF has a 12 month low of $29.74 and a 12 month high of $30.34.

Hedge Funds Weigh In On SPDR Portfolio Short Term Corporate Bond ETF

A number of large investors have recently modified their holdings of SPSB. JPMorgan Chase & Co. grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 28.2% during the second quarter. JPMorgan Chase & Co. now owns 32,109,859 shares of the company’s stock valued at $969,397,000 after acquiring an additional 7,071,441 shares during the last quarter. Creative Planning boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 7.5% in the 3rd quarter. Creative Planning now owns 48,756,348 shares of the company’s stock valued at $1,476,830,000 after purchasing an additional 3,401,784 shares in the last quarter. Allstate Corp grew its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 99.4% during the 3rd quarter. Allstate Corp now owns 4,375,565 shares of the company’s stock valued at $132,536,000 after purchasing an additional 2,181,050 shares during the last quarter. Envestnet Asset Management Inc. raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 19.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,620,146 shares of the company’s stock worth $139,944,000 after purchasing an additional 741,369 shares during the period. Finally, First Command Advisory Services Inc. lifted its stake in SPDR Portfolio Short Term Corporate Bond ETF by 706.6% in the third quarter. First Command Advisory Services Inc. now owns 803,793 shares of the company’s stock worth $24,347,000 after purchasing an additional 704,139 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Company Profile

The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Treasury index. The fund tracks a market-value-weighted index of fixed-rate investment-grade nonconvertible US corporate bonds with 1-3 years remaining in maturity. SPSB was launched on Dec 16, 2009 and is managed by State Street.