Short Interest in SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Drops By 56.9%

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 941 shares, a decline of 56.9% from the May 31st total of 2,185 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 66,050 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ULST. CWM LLC increased its position in SPDR SSgA Ultra Short Term Bond ETF by 6.8% during the 4th quarter. CWM LLC now owns 3,802,612 shares of the company’s stock valued at $154,025,000 after purchasing an additional 240,602 shares during the period. Norris Financial Group LLC purchased a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the 1st quarter worth approximately $4,305,000. Bank of America Corp DE boosted its stake in shares of SPDR SSgA Ultra Short Term Bond ETF by 36.3% during the second quarter. Bank of America Corp DE now owns 273,743 shares of the company’s stock valued at $11,130,000 after purchasing an additional 72,900 shares in the last quarter. TRUE Private Wealth Advisors bought a new position in shares of SPDR SSgA Ultra Short Term Bond ETF during the third quarter valued at approximately $2,784,000. Finally, Jane Street Group LLC increased its holdings in SPDR SSgA Ultra Short Term Bond ETF by 349.1% during the second quarter. Jane Street Group LLC now owns 78,904 shares of the company’s stock valued at $3,208,000 after buying an additional 61,333 shares during the period.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

ULST opened at $40.42 on Monday. SPDR SSgA Ultra Short Term Bond ETF has a 12-month low of $40.20 and a 12-month high of $40.72. The business’s fifty day simple moving average is $40.41 and its 200-day simple moving average is $40.48.

About SPDR SSgA Ultra Short Term Bond ETF

The SPDR SSgA Ultra Short Term Bond ETF (ULST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months. ULST was launched on Oct 9, 2013 and is managed by State Street.