Short Interest in SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Rises By 1,026.8%

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 946,480 shares, an increase of 1,026.8% from the January 29th total of 83,999 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 3,805,198 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 3,805,198 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s shares are sold short.

SPDR Portfolio Aggregate Bond ETF Stock Down 0.1%

SPAB traded down $0.02 during trading on Wednesday, reaching $26.05. The company had a trading volume of 1,458,526 shares, compared to its average volume of 3,597,471. The business has a 50 day simple moving average of $25.84 and a 200-day simple moving average of $25.84. SPDR Portfolio Aggregate Bond ETF has a 52 week low of $24.82 and a 52 week high of $26.16.

SPDR Portfolio Aggregate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.082 dividend. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, February 2nd.

Hedge Funds Weigh In On SPDR Portfolio Aggregate Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. FAS Wealth Partners Inc. bought a new stake in SPDR Portfolio Aggregate Bond ETF in the third quarter worth about $26,000. Franklin Resources Inc. purchased a new stake in shares of SPDR Portfolio Aggregate Bond ETF in the second quarter worth approximately $26,000. Gould Capital LLC purchased a new stake in shares of SPDR Portfolio Aggregate Bond ETF in the third quarter worth approximately $26,000. Kingdom Financial Group LLC. bought a new stake in shares of SPDR Portfolio Aggregate Bond ETF during the 4th quarter worth approximately $27,000. Finally, Godfrey Financial Associates Inc. bought a new stake in shares of SPDR Portfolio Aggregate Bond ETF during the 4th quarter worth approximately $29,000.

About SPDR Portfolio Aggregate Bond ETF

The SPDR Portfolio Aggregate Bond ETF (SPAB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks a market value-weighted index of the aggregate USD-denominated investment-grade bond market with at least one year to maturity. SPAB was launched on May 23, 2007 and is managed by State Street.