SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Short Interest Update

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 3,039,137 shares, a decrease of 27.7% from the December 31st total of 4,202,682 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 7,402,862 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 7,402,862 shares, the short-interest ratio is currently 0.4 days. Approximately 1.0% of the company’s stock are short sold.

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

A number of institutional investors have recently modified their holdings of SPIB. Fifth Third Securities Inc. increased its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.5% in the fourth quarter. Fifth Third Securities Inc. now owns 26,732 shares of the company’s stock worth $904,000 after acquiring an additional 405 shares during the last quarter. NewEdge Advisors LLC increased its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 0.7% in the 2nd quarter. NewEdge Advisors LLC now owns 80,410 shares of the company’s stock worth $2,700,000 after purchasing an additional 582 shares during the last quarter. Curbstone Financial Management Corp raised its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 5.7% during the 4th quarter. Curbstone Financial Management Corp now owns 13,000 shares of the company’s stock worth $440,000 after purchasing an additional 700 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.2% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 59,323 shares of the company’s stock worth $1,992,000 after purchasing an additional 707 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.9% during the 2nd quarter. Baird Financial Group Inc. now owns 15,370 shares of the company’s stock valued at $516,000 after buying an additional 719 shares during the last quarter.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

SPIB stock opened at $33.91 on Friday. The firm has a 50 day simple moving average of $33.85 and a 200 day simple moving average of $33.80. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 52 week low of $32.38 and a 52 week high of $34.08.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

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.